Property value increases in Prahran have tracked close to the VIC average of 8.96% over the last 12 months.
Taking the average capital gain, or increase in median house value, Prahran,3181 has racked up an average of 11.11% over the period. This ranks it number 58th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -10.16% to buyers in Prahran at the moment, which is less than average for the rest of VIC.
On average over the past year, suburb has had 12.58 sales per month, which equates to 151 per year.
Using the current median advertised rental of $600 and the average annual increase in value of a median property of 9.76%, investors should hope to achieve an overall return of 2.08%
Prahran, 3181 ranked 312th 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
The five-year average increase in median property values for Prahran,3181 has given property investors a potential capital gain of 5.45% across each of those five years.
At number 19th of VIC’s most discounted properties, Prahran is in the bottom 10% of the state/territory when listing in order of most discounted to least.
Prahran is 197th on a list of best yielding suburbs for rents in VIC with a 4.13% return