Prahran

The size of Prahran is approximately 186 hectares and has a population of 12203 people.

Prahran is one of Melbourne’s most vibrant and lifestyle-driven inner-city suburbs, renowned for its energy, diversity and strong real estate appeal. Located just five kilometres south-east of the Melbourne CBD, Prahran combines urban convenience with a rich cultural scene, making it highly sought after by professionals, families and investors alike.

The suburb is exceptionally well connected, with Prahran Station on the Sandringham line and multiple tram routes along Chapel Street and High Street providing easy access to the city, surrounding inner suburbs and Melbourne’s bayside. This level of connectivity, combined with excellent walkability, allows residents to enjoy a car-light lifestyle while staying close to everything Melbourne has to offer.

Lifestyle is at the heart of Prahran’s appeal. The iconic Prahran Market is a local institution, offering fresh produce, gourmet foods and specialty retailers that draw visitors from across the city. Chapel Street and Greville Street anchor the suburb’s dining, shopping and nightlife scene, with an ever-evolving mix of boutique stores, cafés, restaurants, bars and entertainment venues creating a lively atmosphere day and night. Despite its buzz, Prahran also offers pockets of greenery, including Victoria Gardens and Princes Gardens, providing welcome spaces to relax and unwind.

Prahran’s housing landscape is diverse, reflecting its layered history and contemporary evolution. Period Victorian and Edwardian terraces sit alongside modern apartments and architect-designed townhouses, offering options for a wide range of lifestyles and budgets. This mix has helped foster a strong and varied community, with a population that includes young professionals, creatives, downsizers and established families.

From a property perspective, Prahran continues to perform strongly due to its inner-city location, lifestyle credentials and consistent demand. Both houses and apartments are well supported by owner-occupiers and renters, underpinned by proximity to employment hubs, education, transport and amenity. The suburb’s rental market remains robust, making it an attractive option for investors seeking long-term growth and steady returns.

Prahran’s enduring popularity lies in its ability to balance energy with liveability. Its combination of location, culture, transport and community continues to position it as one of Melbourne’s most desirable inner-city suburbs, appealing to those seeking a connected, vibrant and convenient place to live.