Median Sale Price
House
-
Updated on Oct 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $868,000 | 0.0% | $256,000 | $2,264,000 | 181 |
| 2010 | $922,000 | +5.9% | $195,000 | $4,410,000 | 209 |
| 2011 | $955,000 | +3.5% | $112,000 | $3,740,000 | 161 |
| 2012 | $922,500 | -3.5% | $562,500 | $4,570,000 | 181 |
| 2013 | $980,000 | +5.9% | $1,189 | $4,690,000 | 213 |
| 2014 | $1,120,000 | +12.5% | $500,000 | $4,500,000 | 203 |
| 2015 | $1,300,000 | +13.8% | $737,000 | $4,617,500 | 165 |
| 2016 | $1,500,000 | +13.3% | $428,000 | $9,320,000 | 150 |
| 2017 | $1,570,000 | +4.5% | $760,000 | $4,500,000 | 158 |
| 2018 | $1,520,000 | -3.3% | $850,000 | $4,575,000 | 134 |
| 2019 | $1,468,000 | -3.5% | $560,000 | $3,310,000 | 122 |
| 2020 | $1,605,000 | +8.5% | $856,500 | $16,000,000 | 139 |
| 2021 | $1,750,000 | +8.3% | $870,000 | $7,025,000 | 178 |
| 2022 | $1,700,000 | -2.9% | $940,000 | $7,500,000 | 153 |
| 2023 | $1,746,000 | +2.6% | $730,000 | $8,200,000 | 135 |
| 2024 | $1,610,000 | -8.4% | $685,000 | $7,000,000 | 165 |
Median Sale Price
$1.61M
Based on 166 recorded sales within the last 12 months
Updated on 22 Dec 2024
Suburb Growth
-8.4%
Current Median Price: $1,610,000
Previous Median Price: $1,745,000
Based on 300 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Nov 2024)
Price Range Segments (12 months ending Nov 2024)
Median Weekly Rent Price
House
-
Updated on Oct 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $600 | 0.0% | $260 | $3,000 | 204 |
| 2012 | $600 | 0.0% | $240 | $2,500 | 235 |
| 2013 | $595 | -0.8% | $240 | $1,350 | 241 |
| 2014 | $600 | +0.8% | $280 | $1,400 | 217 |
| 2015 | $630 | +4.8% | $260 | $1,800 | 368 |
| 2016 | $660 | +4.5% | $340 | $3,300 | 321 |
| 2017 | $700 | +5.7% | $320 | $3,250 | 336 |
| 2018 | $710 | +1.4% | $250 | $3,250 | 315 |
| 2019 | $720 | +1.4% | $300 | $2,550 | 333 |
| 2020 | $700 | -2.9% | $300 | $2,000 | 317 |
| 2021 | $700 | 0.0% | $260 | $2,500 | 313 |
| 2022 | $750 | +6.7% | $310 | $2,000 | 304 |
| 2023 | $775 | +3.2% | $300 | $2,500 | 257 |
| 2024 | $845 | +8.3% | $440 | $2,995 | 229 |
Median Rent Price
$850
per week
Based on 230 recorded rent within the last 12 months
Updated on 22 Dec 2024
Rent Price Growth
+8.8%
Current Median Rent: $850
Previous Median Rent: $775
Based on 491 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.7%
Current Median Price: $1,610,000
Current Median rent: $850
Based on 396 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Nov 2024)
Auction Results For Prahran
Houses sold in Last 12 months ends 21 Dec 2024
$1.37M
Median Sale Price
64%
Clearance Rate
71/112
Sold/Reported
$3.89M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $3 M and more | 2 | |
| $2 M - $3 M | 1 | |
| $1.6 M - $1.8 M | 3 | |
| $1.4 M - $1.6 M | 1 | |
| $1.2 M - $1.4 M (Median Price Range) | 8 | |
| $1 M - $1.2 M | 1 | |
| $800 K - $1 M | 1 | |
Similar Suburbs to Prahran 3181
Based on median house sale price sold in last 12 months
Schools closest to Prahran, VIC 3181
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| PCW Melbourne | Windsor 3181 | Secondary | Independent | 0.7 km |
| Stonnington Primary School | HORNBY STREETWindsor 3181 | Primary | Government | 0.86 km |
| St Mary's Primary School | NEW STDandenong 3175 | Primary | Catholic | 1.08 km |
| St Michael's Grammar SchoolTop 50 | 25 - 27 CHAPEL STREETSt Kilda 3182 | Combined | Independent | 1.14 km |
| South Yarra Primary School | 601 PUNT ROADSouth Yarra 3141 | Primary | Government | 1.08 km |
| Victorian College For The DeafTop 50 | 597 ST KILDA ROADMelbourne 3004 | Special | Government | 1.02 km |
| Christian Brothers' College | St Kilda East 3183 | Secondary | Independent | 1.29 km |
| Christ Church Grammar SchoolTop 50 | 677 PUNT RDSouth Yarra 3141 | Primary | Independent | 1.36 km |
| Wesley College | 577 ST KILDA RDMELBOURNE 3004 | Combined | Independent | 1.25 km |
| Melbourne High SchoolTop 5 | FORREST HILLSouth Yarra 3141 | Secondary | Government | 1.6 km |