Prahran, VIC 3181

Property data updated 12,203 residents
Last 12 months snapshot
546 sales · 1,181 leases · Refreshed July 2026

Prahran property market

Prahran is led by unit rentals, with 964 leases (up 4.4%) at $555 a week (up 1.8%) as of July 2026, renting out in about 17 days (down from 20 days last year), one of the country's most in-demand unit rental markets, around half are 1-bedroom.

Unit sales are the only other notable market, with 396 sales (up 5%) at around $471k (down 3.9%), taking about 25 days to sell, among the most sought-after unit markets nationally, with 1-bedroom and 2-bedroom about even at around 45% each. Rounding it out, 217 house rentals at $925 a week. 150 house sales at around $1.403M (among the country's biggest house price drops).

House covers houses, duplexes, semi-detached and terraces; Unit covers apartments, units, townhouses and villas.

Census · ABS 2021

Prahran demographics & population

Population
12,203
Median age
34yrs
Avg household
1.8people
Male · Female
49% · 51%
Owner-occupied
Renting
Lone person
Couples, no kids
Born overseas
Year 12+

Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing and Socio-Economic Indexes for Areas (SEIFA) 2021 · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.

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Property market