Prahran Property Market — Q2 2026

Over the 12 months to Q2 2026, Prahran's median house price was $1.6 million, down 2.1% from $1.64 million in the 12 months to Q1 2026. In Q2 2026 alone, the median house price was $1.63 million, up 2.9% from $1.58 million in the previous quarter. The median unit price was $550,000, up 3.8% from $530,000. That gap is useful context: the longer window still points to a softer house market, even though the quarter's sales mix lifted the quarterly house median. There were 134 recorded sales during the quarter, while the highest recorded sale reached $10 million. 26 auctions were recorded, with all reported results clearing.

The 12-month median smooths short-term composition swings, while quarterly medians can move as the mix of properties sold changes across property types and bedroom counts. For buyers and sellers assessing the Prahran property market, recent comparable sales provide useful context alongside both figures. Auction results can also indicate recent activity in the Prahran property market, alongside private treaty sales recorded during the quarter.