Prahran vs South Yarra
Prahran (median $1,667,500) is roughly 21% cheaper to buy into than South Yarra ($2,100,000).
Buying in Prahran or South Yarra?
Selling in Prahran? The free selling guide
Prahran and South Yarra side by side
| Measure | Prahran | South Yarra |
|---|---|---|
| Price and market | ||
| Median house | $1,667,500 | $2,100,000 |
| Median unit | $524,000 | $585,000 |
| Renting | ||
| House rent | $975/wk | $1100/wk |
| Unit rent | $650/wk | $700/wk |
| Owner occupied | 44.0% | 36.0% |
| Renter occupied | 54.0% | 62.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 1122 | 1112 |
| Lifestyle and people | ||
| Walk score | 100 | 100 |
| Transit score | 100 | 100 |
| Bike score | 100 | 100 |
| Population | 12,203 | 25,028 |
| Median age | 34 | 33 |
| Climate | ||
| Annual rainfall | 625 mm | 625 mm |
| Mean max, January | 26.6°C | 26.6°C |
Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.
Which suits whom
On school quality, the average ICSEA across schools serving Prahran (1122) sits above South Yarra (1112).
- For buyers
- Prahran is the lower entry point at $1,667,500 median, 21% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Prahran offers the higher gross rental yield (3.04% vs 2.72%), favouring cash-flow investors.
- For families
- Prahran edges out on average school ICSEA (1122 vs 1112).
Prahran vs South Yarra: common questions
Is Prahran or South Yarra cheaper to buy in?
Prahran has the lower median house price at $1,667,500, roughly 21% below South Yarra ($2,100,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Prahran or South Yarra have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Prahran scores 1122 vs 1112 in South Yarra. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which suburb has higher rental yield, Prahran or South Yarra?
Gross rental yield on houses is 3.04% in Prahran vs 2.72% in South Yarra. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
Keep comparing
The two suburbs
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