Market snapshot
Suburb insights for Prahran3181
Change suburbPrahran is located 5 km south-east of the CBD. It is a primarily residential suburb with significant commercial activity along Chapel Street High Street and Malvern Road. Prahran also features a nearby Alfred Hospital Grattan Gardens Victoria Gardens and Prahran Aquatic Centre. The Sandringham railway line traverses the area.
Sales data
Median sale price
$1.7mil
Quarterly price change
17%
Metro Melbourne Comparison
$895k
-2.1%
| Bedrooms | Prahran | Metro comparison |
|---|---|---|
| 2 | $1,268,000 | $888,000 |
| 3 | $1,710,000 | $807,000 |
| 4 | $2,830,000 | $950,000 |
| Insight | Prahran | Metro comparison |
|---|---|---|
| Clearance rate | 75% | 72.6% |
| Days on market | 36 | 43 |
Rental data
Median weekly rent
$850
Rental yield
2.7%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Prahran | Metro comparison |
|---|---|---|
| 2 | $775 | $575 |
| 3 | $950 | $550 |
| 4 | - | $600 |
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