Suburb Profile Report for Prahran VIC (3181)

Prahran House: Median price $1,582,500, Annual capital growth 9.05%, Number of sales 134, Weekly median advertised rent $625

Prahran Unit: Median price $533,500, Annual capital growth 6.00%, Number of sales 214, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Prahran, 3181 have given investors a capital gain of 6.03%. This compares badly with the 11.00% for VIC as a whole.

Prahran,3181 was ranked 1447 in Australia by increase in median property value over the quarter.

Our latest figures would indicate that property sellers in Prahran are currently offering property investors an average price cut of -7.24% below the asking price at the moment.

Property investors should expect to get $625 weekly from the median priced house in this suburb.

Prahran has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 1.62% to date .

Prahran,3181 was ranked 343 in Australia by increase in median property value over the quarter.

Property buyers and investors in Prahran 3181 should be seeing an average reduction in asking price of around -7.06% . This means that Prahran is holding prices well when compared to other suburbs in VIC.

Prahran is 215th on a list of best yielding suburbs for rents in VIC with a 3.90% return

Metrics i HOUSE UNIT
$1,582,500 $533,500
2.43% 4.18%
6.03% 1.62%
9.05% 6.00%
$625 $400
134 214
2.05% 3.90%
46.86 75.27

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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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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Recent sales & rentals