PRAHRAN
With a housing landscape characterized by premium family valuations, Prahran presents a unique case study in local market dynamics. The suburb currently holds a median house price of $1.75m. Prices have remained largely stable with a 6% change, suggesting a balanced market where supply has largely kept pace with local demand.
Lifestyle Profile
The streetscape of Prahran is the quintessential picture of suburban stability. You will typically find larger block sizes, wide driveways, and a mix of renovated mid-century homes alongside modern builds.
It is a neighborhood where connectivity matters. The vibe is friendly and grounded, with a strong culture of neighbors knowing each other—a throwback to traditional suburban values.
For active residents, the area delivers. The abundance of green belts, cycle paths, and council-maintained sporting facilities adds a layer of 'health and wellness' to the local lifestyle.
The Demographic Profile
Understanding the resident base is key to understanding the market floor. Local data suggests a median household income of approx $84,928. With a price-to-income ratio significantly above the state average, ownership in Prahran often involves significant equity recycling from previous properties. This suggests a resident base with high asset wealth rather than just high income.
Education & Catchments
School catchment zones are a primary driver of long-term property demand. Prahran benefits from access to high-performing educational assets. Institutions like South Yarra Primary School (ICSEA Percentile 97) act as significant drawcards. Historical data shows that catchments for top-tier schools often experience tighter stock retention rates as families hold properties for the duration of schooling.
Market Outlook
The market has shown resilience with 6.3% stable growth. This appeals to buyers seeking lower volatility.
Quick FAQ about Prahran:
- Is Prahran expensive? With a median price of $1.75m, it is considered a premium family market, often attracting buyers seeking upscale living standards.
- What are the schools like? The catchment for South Yarra Primary School is a major driver of local demand.
Primary Schools
Secondary / High Schools
Prahran High School
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Local Schools & Maps
Explore primary and secondary schools in the catchment area.
Primary Schools
Secondary Schools
DISCLAIMER: GENERAL INFORMATION ONLY.
The data presented on Aussie Housing, including school zones, "Education Efficiency" scores, and median prices, is for general information and research purposes only. While we aim for accuracy, school catchment boundaries are subject to change by state departments and should be verified directly with the individual school before making any purchasing decision.
NO PROFESSIONAL ADVICE: Aussie Housing is not a licensed real estate agent, valuer, or financial advisor. The "Education Efficiency" metric is a proprietary data point and does not constitute a valuation or a recommendation to buy. You should always conduct your own due diligence and consult with a conveyancer, solicitor, or financial planner before acquiring property.
DATA LIMITATIONS: Market data is aggregated from various public sources and may have latency. We do not guarantee the complete accuracy of historical sales data or current boundary lines.