If you compare the increase in value of investment property in Prahran, 3181 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 12.40%.
While Prahran,3181 ranked number 92th in VIC for increase in median house value (annualised) increase, it is ranked 4th over the last 5 years.
At number 27th 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.
Residents and property investors in Prahran have been waiting around 56.64 days to sell a property.
With a capital gain of -1.21% for the last 12 months, Prahran, 3181 has performed for property investments than its average annual 5.08% property growth over the last 5 years.
Prahran,3181 has offered an average of -1.21% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Prahran 3181 should be seeing an average reduction in asking price of around -8.82% . This means that Prahran is holding prices well when compared to other suburbs in VIC.
With the median price for a house in Prahran being $532502 and the advertised rent reaching $390 the gross rental yield for property investors calculates out to be 3.81%