Suburb Profile Report for Prahran VIC (3181)

Prahran House: Median price $1,442,000, Annual capital growth 9.32%, Number of sales 137, Weekly median advertised rent $600

Prahran Unit: Median price $507,000, Annual capital growth 5.59%, Number of sales 210, Weekly median advertised rent $397

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 1240th in the list of Australian suburbs ordered by increase in median house value over the last year, Prahran, 3181 is in the top 30% with a property value increase of 9.28% recorded in median house prices.

Across a shorter period, Prahran, 3181 has seen a median price increase of 0.42% over the last quarter.

Prahran, 3181 is offering VIC ‘s 47th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this VIC.

Often selling an investment property can take time, and in Prahran the average time real estate has been on the market is 54.2 days.

VIC has seen average median house prices change by 3.49% which means that Prahran, 3181 has done well for property investors by showing a capital gain of -4.34% over the last year

A 5.63% growth in median value for property investors in Prahran,3181 puts this suburb at number 317th in terms of best performing suburbs in VIC

The most recent median price for Prahran is $507000, with sellers offering an average of -8.42% off the asking price.

Renters in Suburb are facing rents around $4764 per annum or $397 every week.

Metrics i HOUSE UNIT
$1,442,000 $507,000
0.42% -4.70%
9.28% -4.34%
9.32% 5.59%
$600 $397
137 210
2.16% 4.07%
54.2 87.97

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (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
Chart Table
Recent sales & rentals