Market snapshot
Suburb insights for Prahran3181
Change suburbPrahran, approximately 5 km southeast of Melbourne's CBD, is a vibrant lifestyle suburb famous for its bustling Chapel Street precinct. With a mix of heritage homes, modern apartments, and buzzing cafes, it appeals to families, young professionals, and creative types. Excellent transport and a thriving cultural scene make Prahran one of Melbourne’s most dynamic addresses.
Recent sales and auction results in Prahran
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 7/17 Alfred St, Prahran | 1 |  | Apartment | Auction Sale | 30/01/2026 | Belle Property Armadale | View |
| 2/15 Arkle St, Prahran | 2 | | House | Private Sale | 15/01/2026 | Belle Property Armadale | View |
| 5 Willis St, Prahran | 3 | | House | Private Sale | 14/01/2026 | Jellis Craig | View |
Sales data
Median sale price
$1.5mil
Quarterly price change
-14.7%
Metro Melbourne Comparison
$974k
1.8%
| Bedrooms | Prahran | Metro comparison |
|---|---|---|
| 2 | $1,362,500 | $940,000 |
| 3 | $1,865,000 | $851,000 |
| 4 | $2,459,500 | $970,000 |
| Insight | Prahran | Metro comparison |
|---|---|---|
| Clearance rate | 72.1% | 77.8% |
| Days on market | 34 | 36 |
Rental data
Median weekly rent
$900
Rental yield
2.7%
Metro Melbourne Comparison
$580
3.2%
| Bedrooms | Prahran | Metro comparison |
|---|---|---|
| 2 | $800 | $585 |
| 3 | $1,050 | $550 |
| 4 | $1,570 | $600 |
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