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Investment Property Prahran, VIC, 3181

Suburb Snapshot

Prahran is a suburb in the Stonnington Region of Victoria. Prahran has a population of 12,984 people and 46.44% of its occupants live in rental accommodation. The median listing price for houses is $1,500,000 and this has changed 0.84% over the past year and changed 3.44% over 2 years.

The median rent in Prahran for houses is $825 per week and the median rental yield is 2.86%. Stock on the market for houses/townhouses has changed -4.35% compared to last year and the average time to sell a house/townhouse is 44 days.The median listing price for units is $500,000 and this has changed 4.16% over the past year. The average unit takes 94 days to sell and the median rent for a unit in Prahran is $495 per week, producing a rental yield of 5.14%.

Supply & Demand in Prahran, Stonnington

1.93%

Current vacancy rate


166

Rental stock available


12,984

Population


46.44%

Rental population


1.61%

Current vacancy rate


992

Rental stock available


103,831

Population


38.99%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Prahran, Stonnington

  House Townhouses Units
Median listing price $1,500,000 $1,050,000 $500,000
Median price change - last quarter 0.00% 0.00% 0.00%
Median price change - 1 year 0.84% -16.00% 4.16%
Median price change - 2 years 3.44% NA 0.20%
  House Townhouses Units
Median weekly rent $825 $905 $495
Median yield % 2.86% 4.48% 5.14%
Median rent change - 1 year 6.45% 0.55% 6.45%
  House Units
Previous month sales 11 22
Stock on market previous month 44 137
Stock variance vs. last year -4.35% 8.73%
Average days on market 44 94

Prahran investment property listings

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