At number 1777th in the list of Australian suburbs ordered by increase in median house value over the last year, Prahran, 3181 is in the top half with a property value increase of 5.95% recorded in median house prices.
Comparing Prahran,3181 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Prahran should be aiming for at least -7.50% off the asking price, which is the average vendor discount being achieved at the moment.
At number 564 in a list of fastest selling suburbs, Prahran is in the TOP 20% of suburbs in Australia with an average of days on market 52.32 for properties listed there.
Prahran, 3181 ranked 241th in VIC when comparing growth in median property values or capital gain over the last 12 months. Prahran is one of 2098 in our list for VIC
Over the longer term, Prahran has seen property prices show investors a 2.71% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -8.01% to buyers in Prahran at the moment, which is less than average for the rest of VIC.
Prahran is 237th on a list of best yielding suburbs for rents in VIC with a 3.83% return