Market snapshot
Suburb insights for Prahran3181
Change suburbPrahran, approximately 5 km southeast of Melbourne's CBD, is a vibrant lifestyle suburb famous for its bustling Chapel Street precinct. With a mix of heritage homes, modern apartments, and buzzing cafes, it appeals to families, young professionals, and creative types. Excellent transport and a thriving cultural scene make Prahran one of Melbourne’s most dynamic addresses.
Recent sales and auction results in Prahran
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 33/674 Malvern Rd, Prahran | 2 |  | Apartment | Auction Sale | 5/06/2026 | Belle Property Armadale | View |
| 67/8 Perth St, Prahran | 2 |  | Apartment | Sold Before Auction | 2/06/2026 | Belle Property South Yarra |
Sales data
Median sale price
$1.6mil
Quarterly price change
11.2%
Metro Melbourne Comparison
$992k
1.9%
| Bedrooms | Prahran | Metro comparison |
|---|---|---|
| 2 | $1,366,250 | $950,000 |
| 3 | $1,801,000 | $863,000 |
| 4 | $2,472,000 | $980,500 |
| Insight | Prahran | Metro comparison |
|---|---|---|
| Clearance rate | 70.6% | 74.9% |
| Days on market | 35.5 | 37 |
Rental data
Median weekly rent
$910
Rental yield
2.9%
Metro Melbourne Comparison
$580
3.1%
| Bedrooms | Prahran | Metro comparison |
|---|---|---|
| 2 | $813 | $595 |
| 3 | $1,075 | $550 |
| 4 | - | $595 |
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