City of Stonnington
Prahran
Prahran at a glance
Median house
$1,667,500
Median unit
$524,000
Population
12.2k
Median age 34
The brief
What to know about Prahran.
Prahran (3143) sits in the Stonnington region of Victoria. The median house here is $1,667,500, well above the Victoria median of around $850K.
Prahran has roughly 12,203 residents, with a young-family demographic. Households are renter-heavy.
Who lives here
Demographics.
The 2021 Census put Prahran's population at 12,203, with a median age of 34. That sits as a young-family demographic. Households are renter-heavy (44% own, 54% rent), which shapes everything from school catchment stability to how often properties turn over. Lone-person households are notable here (46%), often a marker of unit-heavy stock and walkable infrastructure.
Population
12,203
Median age
34
Family households
44%
Lone person
46%
Demographics data as of May 2026· ABS 2021 Census
Houses change hands at $1,667,500 on a typical sale, well above the Victoria median. Units come in around $524,000, roughly 69% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $334,000. Prices sit well above the Victoria median, so plan for a stretched deposit and shop carefully on borrowing capacity.
Market
The price of a home here.
Median house price
$1,667,500
+0.0% over the past year. Median unit price $524,000.
Sales data as of May 2026· sales-vic
Rental and ownership
Weekly rent (house)
$421/wk
Weekly rent (unit)
$421/wk
Owner occupied
44%
Renter occupied
54%
At a deeper level
$1,667,500
$524,000
12,203
Median age: 34
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For investors
Investment overview.
Gross rental yield on houses sits at 1.31% (median rent $421/wk against a $1,667,500 price tag). Units yield 4.18% gross, often the better cash-flow play for first-time investors. With 54% of households renting, the leasing market is established and vacancy risk tends to be lower than in owner-dominated suburbs.
Gross Yield (House)
Source: Land Victoria / DTP · May 20261.31%
Based on $1,667,500 median
Gross Yield (Unit)
Source: Land Victoria / DTP · May 20264.18%
Based on $524,000 median
Annual Growth (House)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Annual Growth (Unit)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021 · May 202644%
Higher = more owner-occupier demand
Days on Market
Source: Land Victoria / DTP · May 2026–
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
Place
Location.
Amenities
Transport
Nearby suburbs
Education
Schools in Prahran.
Frequently asked
About Prahran.
- What is the median house price in Prahran?
- The median house price in Prahran, VIC 3143 is $1,667,500. The median unit price is $524,000. Annual growth is +0.0%.
- What is the Prahran postcode?
- Prahran is in the 3143 postcode, in VIC, in the City of Stonnington region.
- What is the average rent in Prahran?
- The median weekly rent for houses is $421, for units it's $421.
- What is the population of Prahran?
- Prahran has approximately 12,203 residents. The median age is 34.
Prahran
Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
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