Giving property investors a a solid capital gain of 12.91% for the last year, Prahran, 3181 is the 450th highest performer in Australia in this respect.
Over the longer term, Prahran has seen property prices show investors a 4.93% return over the last 3 years. This is an improvement over the last 12 months
Property buyers and investors in Prahran 3181 should be seeing an average reduction in asking price of around -6.40% . This means that Prahran is holding prices well when compared to other suburbs in VIC.
Situated 5.42km from the CBD, Prahran is one of Stonnington (C) localities in the postcode 3181.
At number 101th in the list of Australian suburbs ordered by increase in median house value over the last year, Prahran, 3181 is in the top 10% with a property value increase of 19.19% recorded in median house prices.
Over the longer term, Prahran has seen property prices show investors a 1.72% return over the last 3 years. This is an improvement over the last 12 months
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Prahran, 3181. Typically our figures indicate that -7.34% is being offered, which puts this VIC suburb at 217th most discounted overall in Australia.
On average over the past year, suburb has had 16.25 sales per month, which equates to 195 per year.
The VIC suburb of Prahran, 3181 is in the Stonnington (C) local government area.