Suburb Profile Report for Prahran VIC (3181)

Prahran House: Median price $1,570,000, Annual capital growth 9.21%, Number of sales 139, Weekly median advertised rent $625

Prahran Unit: Median price $520,000, Annual capital growth 6.14%, Number of sales 213, Weekly median advertised rent $400

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Prahran, 3181 ranked 256th 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

While Prahran,3181 ranked number 440th in VIC for increase in median house value (annualised) increase, it is ranked 17th over the last 5 years.

Vendor discounting in Prahran is giving property investors an average Vendor Discount of around -8.33%. This puts suburb at number 72th in VIC when ranking the most discounted suburbs.

Advertised rents are around the $625 mark per week – giving a return of 2.07% based on the median price in Suburb

Prahran, 3181 ranked 292th 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

Comparing Prahran,3181 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.87% offered to property buyers. Sellers in Prahran itself are offering an average vendor discount of -7.00% to real estate investors.

In the last year 213 properties changed hands in Prahran, which puts it as the 30th most active market in VIC when comparing the number of sales per suburb.

Property investors should expect to get $399.5 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$1,570,000 $520,000
1.62% 2.26%
13.36% -1.89%
9.21% 6.14%
$625 $400
139 213
2.07% 4.00%
47.37 71.89

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 11191
Median household income ($/weekly) 1609
Median age of persons 33
Median housing loan repayment ($/monthly) 2383
Average household size 1.9
  • Census Count Percent(%)
    20-24 years 1091 9.7
    25-34 years 3459 30.9
    35-44 years 1925 17.2
    45-54 years 1123 10.0
    55-64 years 918 8.2
    Others 2675 23.9
    Age Group
    Census Count Percent(%)
    Not Married 4711 54.1
    Registered Married 2419 27.8
    Defacto Relationship 1575 18.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 6854 67.2
    Hong Kong 388 3.8
    Papua New Guinea 376 3.7
    United Kingdom 569 5.6
    Other 586 5.7
    Others 1424 14.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 288 3.0
    Christianity 5093 52.4
    Islam 143 1.5
    Judaism 361 3.7
    No Religion 3660 37.6
    Others 181 1.9
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 360 7.7
    $1,500-$1,999 531 11.3
    $2,000-$2,499 384 8.2
    $2,500-$2,999 661 14.1
    $4,000 or more 364 7.8
    Others 2391 51.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4869 52.7
    Not in the labour force 2259 24.5
    Employed, worked part-time 1487 16.1
    Employed, away from work 337 3.6
    Unemployed, looking for work 281 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 1182 17.7
    Professionals 2640 39.4
    Community & personal service workers 552 8.2
    Clerical & administrative workers 893 13.3
    Sales 579 8.6
    Others 850 12.7
    Occupation
    Census Count Percent(%)
    Pre-school 142 7.3
    Infants/Primary 355 18.3
    Secondary 226 11.6
    Technical or Further Educational Institution 221 11.4
    University or other Tertiary Institutions 897 46.1
    Others 103 5.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 4303 43.6
    Separate house 3459 35.0
    Semi-detached, row or terrace house, townhouse 2089 21.2
    House or flat attached to a shop, office 25 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2828 55.7
    Being purchased 1146 22.6
    Fully owned 1066 21.0
    Other tenure type 33 0.7
    Tenure Type
Census 2011, ABS
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