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All About Prahran, Stonnington, VIC, 3181

Prahran, located within the City of Stonnington in Victoria, Australia, is a vibrant and diverse suburb known for its eclectic mix of culture, shopping, and dining. The housing market in Prahran is highly sought after, with a blend of classic Victorian terraces, modern apartments, and stylish townhouses. This variety attracts a broad demographic, from young professionals and families to investors looking for robust rental yields. Given its proximity to Melbourne’s central business district, Prahran offers strong property value growth, though this is accompanied by a competitive market that can drive prices upward. The area is well-serviced by public transport, with trams and trains providing easy accessibility, which further enhances its appeal to potential homeowners and renters alike.

Living in Prahran offers a dynamic and lively lifestyle. It is notably famous for Chapel Street, a bustling hub of activity featuring an array of boutiques, cafes, restaurants, and nightlife options, making it a popular destination for social activities. The suburb is also home to the Prahran Market, one of Melbourne’s oldest and most renowned fresh food markets, providing residents with access to high-quality produce and gourmet foods. Prahran Park and nearby Albert Park offer green spaces for relaxation and recreation, contributing to a balanced urban lifestyle. The community is diverse, with a trendy, artistic vibe that resonates throughout its streets and cultural scene. Overall, Prahran combines the charm of historic architecture with the conveniences of modern urban living, making it an attractive place to call home.

Household Makeup

Median Weekly Rent $451.96
Median Monthly Mortgage $2444.73
Median Persons Per bed houseroom 0.91
Average Household Size 1.94
Average Age 35.69
Average Income $1350.81
Average Cars Per Dwelling 1.15
Average Properties Within 50M 105
Typical 1 bed house$497,000
Typical 2 bed house$1,247,000
Typical 3 bed house$2,648,000
Typical 4 bed house$3,995,000
Typical 5 bed house$4,450,000
Typical 6 bed+ house$6,129,000

Housing Stock

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Prahran Real Estate Market Outlook

Thinking about buying in Prahran? Now could not be a better time, with 11472 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,434,000 with prices in this suburb ranging from $27,000 to $22,556,000. Prahran is located fairly close to the coast at just 1Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Consistent high demand relative to supply is a key feature in Prahran driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Prahran ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Prahran classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Prahran necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

Properties for sale Prahran

BarryPlant Unit 202, 105 High Street, Prahran, VIC, 3181 Beds2 Bathrooms2 Parking 0 Under Offer
Belle Property 68 Williams Road, Prahran, VIC, 3181 Beds3 Bathrooms1 Parking 1 $1,400,000 - $1,500,000
Belle Property Unit 12, 26 Wynnstay Road, Prahran, VIC, 3181 Beds1 Bathrooms1 Parking 1 $350,000 - $375,000
Belle Property Unit 22, 66-68 Murray Street, Prahran, VIC, 3181 Beds1 Bathrooms1 Parking 1 $380,000 - $410,000
Belle Property 56 Spring Street, Prahran, VIC, 3181 Beds2 Bathrooms1 $940,000 - $1,020,000
Belle Property Unit 9, 107 Williams Road, Prahran, VIC, 3181 Beds1 Bathrooms1 $300,000 - $330,000
Belle Property Unit 19, 20 St Edmonds Road, Prahran, VIC, 3181 Beds1 Bathrooms1 Parking 1 $400,000 - $440,000
Belle Property 1C Percy Street, Prahran, VIC, 3181 Beds3 Bathrooms2 Parking 2 $1,700,000 - $1,850,000
Belle Property Unit 817, 31 Grattan Street, Prahran, VIC, 3181 Beds1 Bathrooms1 Parking 1 $465,000
Belle Property Unit 502, 525 High Street, Prahran, VIC, 3181 Beds4 Bathrooms1 Parking 2 $2,049,000
Belle Property Unit 6, 317 Dandenong Road, Prahran, VIC, 3181 Beds2 Bathrooms1 Parking 1 $480,000 - $520,000
Belle Property Unit 112, 31 Grattan Street, Prahran, VIC, 3181 Beds1 Bathrooms1 Parking 1 $375,000 - $400,000
Belle Property Unit 29, 6 Williams Road, Prahran, VIC, 3181 Beds3 Bathrooms2 Parking 2 $2,100,000 - $2,300,000
Belle Property Unit 303, 652 High Street, Prahran, VIC, 3181 Beds2 Bathrooms2 Parking 1 $900,000
Belle Property Apartment 211, 10 Porter Street, Prahran, VIC, 3181 Beds2 Bathrooms2 Parking 1 $585,000 - $615,000
Belle Property Unit 9, 1 Greville Street, Prahran, VIC, 3181 Beds2 Bathrooms1 Parking 1 Private Sale $730,000
Belle Property Unit 22A, 10 Clifton Street, Prahran, VIC, 3181 Beds1 Bathrooms1 Parking 1 $400,000 - $440,000
Belle Property Unit 205, 47 Porter Street, Prahran, VIC, 3181 Beds2 Bathrooms1 Parking 1 $550,000 - $595,000
Belle Property Unit 5, 22 Trinian Street, Prahran, VIC, 3181 Beds1 Bathrooms1 Parking 1 Under Offer
Belle Property Apartment 110, 120 Greville Street, Prahran, VIC, 3181 Beds1 Bathrooms1 Parking 1 $380,000 - $418,000
BigginScott Apartment 116, 87 High Street, Prahran, VIC, 3181 Beds1 Bathrooms1 Parking 1 $350,000-$385,000
BigginScott Unit 302, 11 Hillingdon Place, Prahran, VIC, 3181 Beds2 Bathrooms1 Parking 1 $650,000 - $715,000
BigginScott Unit 204, 10 Hillingdon Place, Prahran, VIC, 3181 Beds1 Bathrooms1 Parking 1 $470,000 - $517,000
BigginScott Unit 118, 31 Grattan Street, Prahran, VIC, 3181 Beds2 Bathrooms2 Parking 1 $700,000-$770,000
BigginScott Unit 101, 153B High Street, Prahran, VIC, 3181 Beds1 Bathrooms1 Parking 1 $225,000 - $247,500
BigginScott Unit 8, 123 Chomley Street, Prahran, VIC, 3181 Beds2 Bathrooms1 Parking 1 $650 Per Week
BigginScott Unit 111, 36 Porter Street, Prahran, VIC, 3181 Beds2 Bathrooms1 Parking 1 $560,000 -$615,000
BigginScott Unit 4, 321 Dandenong Road, Prahran, VIC, 3181 Beds2 Bathrooms1 Parking 1 $1,185,000 - $1,265,000
BigginScott Unit 715, 31 Grattan Street, Prahran, VIC, 3181 Beds2 Bathrooms2 Parking 1 $580,000-$620,000
BigginScott Unit 402, 8 Princes Close, Prahran, VIC, 3181 Beds1 Bathrooms1 $440,000-$480,000
BigginScott Apartment 501, 120 Greville Street, Prahran, VIC, 3181 Beds3 Bathrooms2 Parking 2 $1,550,000 - $1,650,000
BigginScott 48-50 Greville Street, Prahran, VIC, 3181 Beds5 Bathrooms4 Parking 3 Contact Agent
BigginScott Unit 72, 4 Sydney Street, Prahran, VIC, 3181 Beds2 Bathrooms2 Parking 1 $890,000 - $979,000
BigginScott Unit 102, 525 High Street, Prahran, VIC, 3181 Beds2 Bathrooms2 Parking 1 $825,000
BigginScott Apartment 501, 27 Macquarie Street, Prahran, VIC, 3181 Beds1 Bathrooms1 Parking 1 $480,000-$520,000
BigginScott 45 Wrights Terrace, Prahran, VIC, 3181 Beds2 Bathrooms1 Contact Agent
BigginScott Unit 505, 105 High Street, Prahran, VIC, 3181 Beds2 Bathrooms2 Parking 1 $680,000 - $740,000
BigginScott Unit 43, 321-323 Chapel Street, Prahran, VIC, 3181 Beds2 Bathrooms1 $420,000
BigginScott 15 St Matthews Way, Prahran, VIC, 3181 Beds3 Bathrooms3 Parking 2 Contact Agent
BigginScott Unit 104, 525 High Street, Prahran, VIC, 3181 Beds2 Bathrooms2 Parking 1 $850 Per Week
BigginScott Unit 27, 321-323 Chapel Street, Prahran, VIC, 3181 Beds2 Bathrooms1 $700,000
BigginScott 59 York Street, Prahran, VIC, 3181 Beds2 Bathrooms1 $925 Per Week
BigginScott Unit 2, 8 Irving Avenue, Prahran, VIC, 3181 Beds2 Bathrooms1 Parking 2 $725 Per Week
BigginScott Unit 509, 31 Grattan Street, Prahran, VIC, 3181 Beds2 Bathrooms2 Parking 1 $750 Per Week
BigginScott 8A Aberdeen Road, Prahran, VIC, 3181 Beds2 Bathrooms2 Parking 1 $925 Per Week
BigginScott Unit 17, 12A Abeckett Street, Prahran, VIC, 3181 Beds3 Bathrooms2 Parking 1 $1,300 Per Week
BigginScott 43 Highbury Gr, Prahran, VIC, 3181 Beds3 Bathrooms2 Parking 2 $1,400.00 per week
BigginScott 2A Chomley Street, Prahran, VIC, 3181 Beds2 Bathrooms2 Parking 2 $720 Per Week
BigginScott Unit 205, 11 Hillingdon Place, Prahran, VIC, 3181 Beds1 Bathrooms1 Parking 1 $650 Per Week
BigginScott 43 Pridham Street, Prahran, VIC, 3181 Beds2 Bathrooms1 $740 Per Week
BigginScott Unit 407, 10 Hillingdon Place, Prahran, VIC, 3181 Beds2 Bathrooms1 Parking 2 $830 Per Week
Buxton Unit 205, 139 York Street, Prahran, VIC, 3181 Beds1 Bathrooms1 Parking 1 $440,000 - $480,000
Buxton Unit 10, 48 Chomley Street, Prahran, VIC, 3181 Beds2 Bathrooms1 Parking 1 $450,000 - $490,000
Fletchers Unit 110, 525 High Street, Prahran, VIC, 3181 Beds2 Bathrooms2 Parking 2 For Sale Appointment Only
McGrath Unit 3, 56-58 Chatsworth Road, Prahran, VIC, 3181 Beds1 Bathrooms1 Parking 1 $470,000 - $500,000
Ray White Unit 1110, 15 Clifton Street, Prahran, VIC, 3181 Beds2 Bathrooms2 Parking 2 620000
Ray White Unit 12, 3-5 Chomley Street, Prahran, VIC, 3181 Beds2 Bathrooms1 Parking 1 500000
Woodards Unit 26, 20 Wynnstay Road, Prahran, VIC, 3181 Beds2 Bathrooms1 Parking 2 $585,000
Woodards Unit 519, 15 Clifton Street, Prahran, VIC, 3181 Beds2 Bathrooms1 Parking 1 $423,000 - $465,000
Properties for sale in Prahran

Local Schools

Our Lady of Lourdes School

The King David School

Victorian College For The Deaf

Wesley College

Loreto Mandeville Hall

St Mary's School

Christian Brothers' College

Toorak Primary School

South Yarra Primary School

Armadale Primary School

(While the above schools are located with the suburb of Prahran there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Prahran weather - Average Local Climate by month

(mm)
RAIN		Min (°C)
TEMP		Max (°C)
TEMP		Min (%)
HUMIDITY		Max (%)
HUMIDITY		 (m/sec)
WIND		 (MJ/sq m)
SOLAR
Jan1.516.427.042.886.82.923.8
Feb1.015.925.844.486.52.720.3
Mar1.114.524.145.488.12.515.6
Apr2.012.120.848.090.92.410.6
May1.610.017.752.389.42.97.8
Jun1.37.715.059.893.72.56.9
Jul1.37.814.456.989.53.37.4
Aug1.67.815.151.289.33.010.0
Sept1.49.317.746.188.93.114.0
Oct1.411.121.142.889.33.218.3
Nov1.812.522.443.488.62.920.8
Dec2.014.624.843.588.62.824.0

source: Australian Government Bureau of Meteorology

Public Transport

Stop 35: Williams Road - Less than 1 KM Stop 35: Williams Road - Less than 1 KM Stop 34: Lewisham Road - Less than 1 KM Stop 34: Lewisham Road - Less than 1 KM Stop 33: The Avenue - Less than 1 KM Stop 33: The Avenue - Less than 1 KM Stop 32: Hornby Street - Less than 1 KM Stop 32: Bangs Street - Less than 1 KM Stop 33: Francis Street - Less than 1 KM Stop 33: Hobson Street - Less than 1 KM

General Points of Interest

Green Acres Golf Club - Less than 10 KM Trinity College - Less than 10 KM Como Centre - Less than 2 KM Admiral Creswell Memorial - Less than 5 KM Melbourne Cricket Ground - Less than 5 KM McKinnon Obelisk - Less than 10 KM Olympia Gymnasium - Less than 5 KM Centenary Bridge Pillar - Less than 10 KM Royal Park Tennis Club - Less than 10 KM Malvern Valley Public Golf Course - Less than 10 KM

Nearby Suburbs

WindsorSouth YarraSt Kilda EastArmadaleToorakSt KildaBalaclavaCremorneSt Kilda WestBurnley

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