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 1, 115 YORK ST, PRAHRAN, VIC, 3181	2	1		$1,300,000 - $1,400,000
	UNIT 10, 28 CLIFTON ST, PRAHRAN, VIC, 3181	2	1	1	$550,000 - $600,000 - UNDER OFFER - Contact Agent
	UNIT 11, 26 WYNNSTAY RD, PRAHRAN, VIC, 3181	1	1	1	$390,000 - $425,000
	UNIT 24, 603 HIGH ST, PRAHRAN, VIC, 3181	1	1	1	$400,000 - $440,000
	UNIT 104, 6 SYDNEY ST, PRAHRAN, VIC, 3181	2	2	2	$1,390,000 - $1,440,000
	UNIT 203, 323 DANDENONG RD, PRAHRAN, VIC, 3181	2	1	1	$480,000 - $520,000
	UNIT 1, 60 CHOMLEY ST, PRAHRAN, VIC, 3181	2	1	1	$509,000
	UNIT 6, 45 SPRING ST, PRAHRAN, VIC, 3181	2	1	1	$525,000
	UNIT 401, 22 CHATHAM ST, PRAHRAN, VIC, 3181	1	1		$330,000 - $360,000
	UNIT 607, 220 COMMERCIAL RD, PRAHRAN, VIC, 3181	2	2	1	$750,000 - $800,000
	UNIT 215, 15 CLIFTON ST, PRAHRAN, VIC, 3181	2	2	1	$580,000-$620,000 - Offers closing Wed 24th April
	UNIT 5, 297 DANDENONG RD, PRAHRAN, VIC, 3181	1	1	1	$370,000 - $400,000
	UNIT 1, 525 HIGH ST, PRAHRAN, VIC, 3181	2	2	2	$895,000 - $955,000
	UNIT 44, 8 SYDNEY ST, PRAHRAN, VIC, 3181	2	1	1	$720,000 - $760,000
	UNIT 4, 10 CLIFTON ST, PRAHRAN, VIC, 3181	2	1	2	$890,000 - $975,000
	UNIT 506, 153B HIGH ST, PRAHRAN, VIC, 3181	1	1	1	$285,000 - $310,000
	UNIT 211, 153B HIGH ST, PRAHRAN, VIC, 3181	1	1	1	$290,000 - $310,000
	UNIT 3, 43 GRANDVIEW GR, PRAHRAN, VIC, 3181	1	1	1	$395,000 - $430,000
	UNIT 401, 8 PRINCES CL, PRAHRAN, VIC, 3181	2	1	2	Private Sale $569,000
	UNIT 1, 64A WILLIAMS RD, PRAHRAN, VIC, 3181	2	1		$730,000
	UNIT 407, 201 HIGH ST, PRAHRAN, VIC, 3181	2	1	1	$450,000 - $495,000
	UNIT 10, 2 JESSAMINE AV, PRAHRAN, VIC, 3181	1	1	1	$490,000
	UNIT 913, 15 CLIFTON ST, PRAHRAN, VIC, 3181	1	1	1	$385,000

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