308/31 Grattan Street

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 10,641 properties. Over the last 5 years, Houses in Prahran have seen a 13.84% increase in median value, while Units have seen a 12.34% increase. As at 31 July 2024:

• The median value for Houses in Prahran is $1,646,269 while the median value for Units is $553,867.
• Houses have a median rent of $750 while Units have a median rent of $540.