Prahran is Melbourne's Inner South hub of diversity and nightlife — a vibrant urban suburb where Prahran Market's beloved fresh food hall, Commercial Road's LGBTQ+ entertainment strip, and Chapel Street's concentration of Melbourne's best independent restaurants and bars create one of the city's most dynamic neighbourhoods. The Alfred Hospital creates substantial professional rental demand, and the Sandringham train provides 10-minute CBD access. Prahran's density of amenity within walking distance is genuinely unmatched in Melbourne. At the current $1.5m median house price, an 80% loan at 6.25% over 30 years is about $7,389 per month.
| Median house price | $1,500,000 |
|---|---|
| Median unit price | $700,000 |
| Estimated monthly repayment | $7,389 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 5.5% |
| Gross rental yield | 3.2% |
| Typical days on market | 20 |
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