VIC/
Prahran

Suburb Profile

Prahran - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3181

house
unit

PRAHRAN, 3181 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in VIC have risen as a whole, pulling PRAHRAN, 3181 values up and netting property investors a capital gain of 1% for the past year.

Investors saw the median home price rise to $1,515,000.

Profits due to an upward trend in home prices in the suburb averaged 12.58% per annum over a 3-year period.

PRAHRAN now ranks at the 626th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in PRAHRAN are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $660 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In PRAHRAN, homes and units usually stay on listing for an average of 50.4 days.

In 2016, 148 properties were sold in PRAHRAN during the past year, making it the 567th most active market in VIC based on total real estate transactions.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,515,000 $542,500
GROWTH REPORT
Median Quarterly -3.66% 0.93%
Median 12 month 1% 7%
Median 3 years 37.73% 0.92%
Median 5 years 81.65% 16.67%
10 years average annual 7.18% 4.16%
Weekly media advert. rent $660 $400
Time on Market 50.4 days 65.8 days
Gross Rental Yield Percent 2.27% 3.83%
demographics (median values)
Total Population
10647
Weekly Household Income
1166
Household Size
1.90
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Capital Gains Tax (CGT) Calculator

Prahran, VIC
property details
Sale price
$
Current taxable income
$
Purchase price
$
Calculate
promoted stories