Thinking about buying in Prahran? Now could not be a better time, with 11472 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,434,000 with prices in this suburb ranging from $27,000 to $22,556,000. Prahran is located fairly close to the coast at just 1Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Prahran Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Prahran driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Prahran ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Prahran classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Prahran necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Properties for sale Prahran

	UNIT 502, 525 HIGH ST, PRAHRAN, VIC, 3181	4	1	2	$1,820,000 - $2,000,000
	UNIT 6, 317 DANDENONG RD, PRAHRAN, VIC, 3181	2	1	1	$500,000 - $550,000
	UNIT 1, 21 CLARKE ST, PRAHRAN, VIC, 3181	2	1	1	$650,000 - $700,000
	UNIT 73, 108 GREVILLE ST, PRAHRAN, VIC, 3181	3	1	1	Under Contract
	UNIT 303, 652 HIGH ST, PRAHRAN, VIC, 3181	2	2	1	$900,000
	UNIT 1, 22 CHOMLEY ST, PRAHRAN, VIC, 3181	2	1	1	Under Offer
	UNIT 5, 3 RAE CT, PRAHRAN, VIC, 3181	2	1	1	$550,000 - $600,000
	UNIT 207, 31 GRATTAN ST, PRAHRAN, VIC, 3181	1	1	1	$390,000 - $429,000
	APARTMENT 211, 10 PORTER ST, PRAHRAN, VIC, 3181	2	2	1	$585,000 - $615,000
	UNIT 9, 1 GREVILLE ST, PRAHRAN, VIC, 3181	2	1	1	$660,000 - $710,000
	UNIT 205, 47 PORTER ST, PRAHRAN, VIC, 3181	2	1	1	$550,000 - $595,000
	UNIT 5, 22 TRINIAN ST, PRAHRAN, VIC, 3181	1	1	1	$350,000 - $375,000
	APARTMENT 110, 120 GREVILLE ST, PRAHRAN, VIC, 3181	1	1	1	$380,000 - $418,000
	UNIT 104, 6 SYDNEY ST, PRAHRAN, VIC, 3181	2	2	2	$1,300,000 - $1,390,000
	UNIT 1, 525 HIGH ST, PRAHRAN, VIC, 3181	2	2	2	$875,000 - $910,000
	20 BENDIGO ST, PRAHRAN, VIC, 3181	2	1		Auction 23rd November at 11:00am
	UNIT 110, 525 HIGH ST, PRAHRAN, VIC, 3181	2	2	2	For Sale Appointment Only
	APARTMENT 503, 59 PORTER ST, PRAHRAN, VIC, 3181	2	1	1	$479,500
	UNIT 1110, 15 CLIFTON ST, PRAHRAN, VIC, 3181	2	2	2	620000
	UNIT 12, 3-5 CHOMLEY ST, PRAHRAN, VIC, 3181	2	1	1	500000
	APARTMENT 110, 10 PORTER ST, PRAHRAN, VIC, 3181	2	2	1	$600,000 - $640,000
	UNIT 26, 20 WYNNSTAY RD, PRAHRAN, VIC, 3181	2	1	2	$575,000 - $625,000
	56 SPRING ST, PRAHRAN, VIC, 3181	2	1		$1,050,000
	UNIT 519, 15 CLIFTON ST, PRAHRAN, VIC, 3181	2	1	1	$465,000

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