How Prahran apartment prices have jumped since the 2017 downturn

How Prahran apartment prices have jumped since the 2017 downturn
Staff reporterOctober 13, 2019

Prahran is an inner suburb of Melbourne, Victoria, 5 km south-east of Melbourne's Central Business District, located within the City of Stonnington.

In the recent 2017 property market downturn, median unit values in Prahran fell roughly $125,000 peak to trough.

They have made a moderate recovery since then recovering over 50% of the loss.

House prices in Prahran have seen larger fall in value however they have yet to see a similar trend of recovery, according to the latest CoreLogic data.

Residential Prahran consists of mostly single storey Victorian and Edwardian terrace houses, with some larger double storey terraces closer to the main shopping strips.

To learn all you need to know about Prahran, from median asking rents to household composition, click here

As a landlord it is important to check the asking rent trend regularly to ensure you are getting the most value out of your investment.

Editor's Picks

Why Serai apartments in North Fremantle have resonated with the local market: Urban Buyer Q&A
GWH to usher in new ERA for Newcastle with latest apartment tower: Urban Display Suite Tour
Billbergia & Metrics propose two 80-level towers in Sydney's CBD
Gurner gets go-ahead for luxury apartments on Sydney's Kent Street
Golden Sedayu to deliver significant amenity in Somerset, Burswood Point first stage