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The cosmopolitan Prahran is renowned for its entertainment and its lively atmosphere. Located only 5km south-east of the city, this is ‘the’ place to be for Melbourne’s social butterflies. A combination of South Yarra’s glamorous lifestyle and neu-wave cool of Windsor’s retro chic gives Prahran its unique charm.
Filled with boutique stores, trendy bars, gourmet cafes and glossy restaurants, this bustling suburb is extremely attractive.
Prahran is home to an eclectic mix of cosy Edwardian or Victorian terraces and sleek modern townhomes. Walking down the narrow side streets of Prahran, you will find many art-deco and mid-century mansions; a beautiful way to retain Prahran’s history homes against a suite of contemporary designer townhomes - with plenty of appeal for both investors and owner occupiers.
Home to retail emporiums and many boutique stores, Prahran is the perfect little social village to catch up with friends for a walk down the shopping strip, enjoy a quick coffee at a trendy cafe, a bite to eat at one of many bistros or restaurants, or ready to hit up the town and clubs for the night.
This upmarket and fashionable suburb is well serviced by public transportation networks, with many tram lines accessible from Chapel Street, High Street and Commercial Road as well as the Prahran Train Station on Greville Street. This heightened connectivity ensures outings are both easy and quick.
This upmarket and fashionable suburb means that both investors and owner occupiers are craving any opportunity to get their hands on the next property to either invest in or live in. The level of competition for the market in Prahran is indeed very high, costing around $575,000 for a townhome with an estimated rental income of $450 p/w for townhomes. Prahran is a highly aspirational area to both live in or invest in with numerous sleek modern townhomes being developed across the suburb.