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
$1.8mil
Quarterly price change
4.5%
Metro Melbourne Comparison
$923k
2.7%
| Bedrooms | Prahran | Metro comparison |
|---|---|---|
| 2 | $1,239,500 | $881,200 |
| 3 | $1,710,000 | $810,000 |
| 4 | $2,797,500 | $942,350 |
| Insight | Prahran | Metro comparison |
|---|---|---|
| Clearance rate | 80.9% | 78.5% |
| Days on market | 38 | 42 |
Rental data
Median weekly rent
$855
Rental yield
2.8%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Prahran | Metro comparison |
|---|---|---|
| 2 | $800 | $580 |
| 3 | $995 | $550 |
| 4 | $1,445 | $600 |
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