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 |
|---|---|---|---|---|---|---|---|
| 47 Pridham St, Prahran | 2 |  | House | Auction Sale | 4/04/2025 | Marshall White | View |
| 39 & 39A Alfred St, Prahran | 4 |  | Apartment | Auction Sale | 4/04/2025 | Hodges | |
| 35 Banole Av, Prahran | 3 | | House | Passed in at Auction | 4/04/2025 | Marshall White | View |
| 12/60 Chomley St, Prahran | 2 | | Unit | Auction Sale | 4/04/2025 | Belle Property Armadale - 0 | View |
| 702 Malvern Rd, Prahran | 4 | | House | Auction Sale | 4/04/2025 | Jellis Craig | View |
Sales data
Median sale price
$1.8mil
Quarterly price change
4.5%
Metro Melbourne Comparison
$923k
2.7%
| Bedrooms | Prahran | Metro comparison |
|---|---|---|
| 2 | $1,239,500 | $881,200 |
| 3 | $1,710,000 | $810,000 |
| 4 | $2,797,500 | $942,350 |
| Insight | Prahran | Metro comparison |
|---|---|---|
| Clearance rate | 80.9% | 78.5% |
| Days on market | 38 | 42 |
Rental data
Median weekly rent
$855
Rental yield
2.8%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Prahran | Metro comparison |
|---|---|---|
| 2 | $800 | $580 |
| 3 | $995 | $550 |
| 4 | $1,445 | $600 |
Find a REIV member
Real estate professionals in your area with the right skills, the best knowledge and proven expertise.