PRAHRAN

PRAHRAN At A Glance

Possessing that elusive mix of grunge and glamour, Prahran is very much neighbouring South Yarra’s edgier younger sibling. Not only does it look the part, it delivers big on entertainment value. Packed to the brim with buzzing cafés, bars, restaurants and clubs, there’s no place for boredom in this vibrant inner-city community.

Nearby Neighbourhoods

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Old-school charm meets new-age cool in Prahran's thriving eating, drinking and dancing scene.

Local Tips

Only the patient need apply - expect lengthy queues for a number of Prahran's hip cafés and restaurants.

Fun Fact

Prahran's name comes from Pur-ra-ran, a compound of two Aboriginal words meaning ‘land partially surrounded by water’.

Lifestyle

Whether it’s catching a show at an independent theatre, clubbing until the early hours (or all hours if you so desire), or drinking and dining at one of the city’s hottest new venues, when it comes to revelry Prahran certainly doesn’t disappoint. This lively neighbourhood has the character and the stamina to keep you busy from day to night, to day again.

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Lifestyle

But rest assured it’s not all about debauchery. Prahran also offers a sophisticated dining scene and leafy residential backstreets. Between the shopping mecca of Chapel Street and the low-key cool of Greville Street with its record stores and boutiques, friendly Prahran still manages to possess a village-like feel. The shopping is first-rate, and vintage fans can look to the delightful Chapel Street Bazaar where they’re likely to unearth a treasure or two amongst the store’s baroque spoils. While chic cafés are plentiful the numerous design studios and art galleries are a nod to the area’s creative past. Iconic Prahran Market further cements the neighbourhood’s reputation as one of Melbourne’s premier foodie destinations.

 Close to the city, not too far from the beach and well connected to public transport, Prahran is the perfect spot for those who love to feel like they’re in the thick of things.

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Neighbours

Vibrant Prahran has a considerably more youthful feel than the surrounding suburbs. While it is still home to mature couples and singles who have probably lived there for years, cheerful groups of students can be found sharing houses in the neighbourhood’s narrow backstreets. The area’s iconic nature draws a considerable international crowd, with travellers flocking to live within the vicinity of bustling Chapel Street. Likewise, young professionals come in droves for the brilliant lifestyle and convenient location.

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Area Features

PRAHRAN MARKET

A true Melbourne institution – gourmands can’t get enough of the Prahran Market, with its impressive deli section and abundant fresh produce. 

CHAPEL STREET

Occupying the stretch of Chapel Street in between hip Windsor and glamorous South Yarra, the Prahran section of this street offers shoppers the best of both worlds.

LATE NIGHT REVELRY

Prahran is a suburb that comes alive at night with pumping bars, restaurants and nightclubs. Locals and visitors join the festive crowds in drinking, being merry and dancing the night away.

Property

Less opulent than its glittering neighbours, the rental scene in Prahran is alive and kicking. Young professionals come in droves and queue to inhabit the area’s many apartment complexes and charming Victorian and Edwardian terraces – just as they queue for brunch in the area’s many charming cafés. The demand for housing is so great that new blocks of designer apartments seem to pop up overnight. The South Yarra edge of Prahran is a more luxurious affair, with stately homes, mansions and impressive Art Deco apartments. As is befitting of the area’s longstanding popularity, it’s not easy finding a patch of Prahran to call your own.

Similar Neighbourhoods

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AVERAGE PROPERTY PRICES
IN PRAHRAN

HOUSE

TO BUY

2 BEDROOM $ -
3 BEDROOM $2,323,333
4 BEDROOM $2,300,000

TO RENT (PER WEEK)

2 BEDROOM $ -
3 BEDROOM $ -
4 BEDROOM $ -

Capital Growth Av Prices
7.9% change from 2017

UNIT

TO BUY

2 BEDROOM $612,450
3 BEDROOM $1,872,250
4 BEDROOM $1,700,000

TO RENT (PER WEEK)

2 BEDROOM $ -
3 BEDROOM $ -
4 BEDROOM $ -

Capital Growth Av Prices
4.6% change from 2017

Information Source: CoreLogic RP Data Pty Ltd

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