Profile for Prahran

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Prahran 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.

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Recent Sales & Auction Results in Prahran

Address Price Type Method Sale Date Agent
Property List
4/11 Miller St, Prahran 4 Apartment Passed in at Auction 02/03/2024 Ray White Forest Hill
59 Alfred St, Prahran 3 House (Res) Passed in Vendor Bid 02/03/2024 Kay & Burton
61 Alfred St, Prahran 3 House (Res) Passed in Vendor Bid 02/03/2024 Abercromby's RE

Median data for December Quarter 2023. Click here for details.

Median Sale Price

$2.05m

Metro Melbourne

$909k

Quarterly Price Change

17.1%

Metro Melbourne

-2.2%

Median Rent

$775

Metro Melbourne

$550

Rental Yield

2.3%

Metro Melbourne

3.1%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 68.1% 72.5%
Days on Market 36 40
Median price by Bedrooms Suburb Metro
2 Bedrooms $1,210,000 $920,000
3 Bedrooms $1,855,000 $815,000
4 Bedrooms $2,950,000 $970,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms $700 $540
3 Bedrooms $990 $500
4 Bedrooms n/a $560

Median data for December Quarter 2023. Click here for details.

Median Sale Price

$550k

Metro Melbourne

$633k

Quarterly Price Change

-7.6%

Metro Melbourne

-0.1%

Median Rent

$525

Metro Melbourne

$500

Rental Yield

5.4%

Metro Melbourne

4.1%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 68.1% 72.5%
Days on Market 36 40
Median price by Bedrooms Suburb Metro
1 Bedroom $371,000 $370,000
2 Bedrooms $632,500 $600,000
3 Bedrooms $1,330,000 $850,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $420 $420
2 Bedrooms $595 $520
3 Bedrooms $950 $600

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