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
8/123 Williams Rd, Prahran1PriceUnitPrivate Sale29/06/2025Gary Peer & Associates
23 Wrights Tce, Prahran3PriceHouseSold Before Auction23/06/2025Jellis CraigView

Sales data

Median sale price
$1.9mil
Quarterly price change
2.4%
Metro Melbourne Comparison
$924k
0.4%
BedroomsPrahranMetro comparison
2$1,217,500$890,000
3$1,865,000$815,000
4$2,797,500$950,000
InsightPrahranMetro comparison
Clearance rate85.4%79.5%
Days on market3739

Rental data

Median weekly rent
$855
Rental yield
2.5%
Metro Melbourne Comparison
$580
3.3%
BedroomsPrahranMetro comparison
2$825$580
3$995$550
4$1,423$600
Median data for the current quarter
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