How Prahran apartment prices have jumped since the 2017 downturn

How Prahran apartment prices have jumped since the 2017 downturn
How Prahran apartment prices have jumped since the 2017 downturn

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.

How Prahran apartment prices have jumped since the 2017 downturn

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.

Tags: 
Prahran Property Downturn

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