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.
Recent sales and auction results in Prahran
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 510/31 Grattan St, Prahran |  | Apartment | Private Sale | 19/10/2024 | McGrath | View | |
| 705/15 Clifton St, Prahran | 1 |  | Apartment | Passed in Vendor Bid | 29/10/2024 | Areal Property Point Cook | View |
| 1 Lorne Rd, Prahran | 2 | | House (Res) | Private Sale | 23/10/2024 | Biggin & Scott | View |
| 1 And 3 Lorne Rd, Prahran | 4 | | House (Res) | Private Sale | 21/10/2024 | Biggin & Scott | |
| 1/12 Sydney St, Prahran | 2 | | House (Res) | Private Sale | 19/09/2024 | Jellis Craig |
Sales data
Median sale price
$1.4mil
Quarterly price change
-8.6%
Metro Melbourne Comparison
$916k
0.1%
| Bedrooms | Prahran | Metro comparison |
|---|---|---|
| 2 | $1,302,500 | $902,000 |
| 3 | $1,853,000 | $807,500 |
| 4 | $2,920,000 | $950,000 |
| Insight | Prahran | Metro comparison |
|---|---|---|
| Clearance rate | 75.7% | 73.3% |
| Days on market | 34 | 42 |
Rental data
Median weekly rent
$850
Rental yield
2.6%
Metro Melbourne Comparison
$575
3.3%
| Bedrooms | Prahran | Metro comparison |
|---|---|---|
| 2 | $750 | $560 |
| 3 | $995 | $550 |
| 4 | - | $595 |
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