Suburb Profile Report for Prahran VIC (3181)

Prahran House: Median price $1,574,000, Annual capital growth 6.67%, Number of sales 98, Weekly median advertised rent $680

Prahran Unit: Median price $590,000, Annual capital growth 4.20%, Number of sales 195, Weekly median advertised rent $420

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

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$1,574,000 $590,000
7.44% 3.06%
12.91% 19.19%
6.67% 4.20%
$680 $420
98 195
2.25% 3.70%
54.6829268292683 58.7604166666667

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (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
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