Market snapshot

Suburb insights for Prahran3181

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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.

Recent sales and auction results in Prahran

AddressBedroomsPriceTypeMethodSale DateAgentListing
32 Spring St, Prahran3PriceHouse (Res)Auction Sale5/03/2025Abercromby's REView

Sales data

Median sale price
$1.7mil
Quarterly price change
17%
Metro Melbourne Comparison
$895k
-2.1%
BedroomsPrahranMetro comparison
2$1,268,000$888,000
3$1,710,000$807,000
4$2,830,000$950,000
InsightPrahranMetro comparison
Clearance rate75%72.6%
Days on market3643

Rental data

Median weekly rent
$850
Rental yield
2.7%
Metro Melbourne Comparison
$580
3.3%
BedroomsPrahranMetro comparison
2$775$575
3$950$550
4-$600
Median data for the current quarter
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