12/8 Grandview Grove

Prahran VIC 3181

The size of Prahran is approximately 1.9 square kilometres. It has 8 parks covering nearly 6.3% of total area. The population of Prahran in 2011 was 11,191 people. By 2016 the population was 12,985 showing a population growth of 16.0% in the area during that time. The predominant age group in Prahran is 20-29 years. Households in Prahran are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Prahran work in a professional occupation. In 2011, 42.7% of the homes in Prahran were owner-occupied compared with 39.3% in 2016.

Prahran has 10,665 properties. Over the last 5 years, Houses in Prahran have seen a -3.33% decrease in median value, while Units have seen a -5.28% decrease. As at 31 December 2024:

• The median value for Houses in Prahran is $1,578,321 while the median value for Units is $527,212.
• Houses have a median rent of $755 while Units have a median rent of $525.