Prahran, located just 5 km southeast of Melbourne's CBD, is a vibrant suburb known for its artistic culture, boutique shopping, and eclectic dining scene. Its leafy streets and historic architecture make it an attractive location for families, young professionals, and anyone looking to enjoy a lively urban lifestyle. This article explores the best residential areas in Prahran, highlighting their distinct characteristics, housing options, and average prices.
Table of Contents
Greville Street
(Image for illustration purposes only.)
Greville Street is at the heart of Prahran's cultural scene, boasting a plethora of cafes, boutiques, and art galleries. The street is pedestrian-friendly, making it a hotspot for both locals and visitors.
Characteristics of the Greville Street
* Culture: Arts and culture, vibrant nightlife
* Transportation: Excellent public transport links, tram and train accessible
* Services: Numerous cafes, restaurants, and shops
* Environment: Bustling and lively, with a strong sense of community
Housing Options in the Greville Street
Victorian-era houses, modern apartments, townhouses
Average Home Prices in the Greville Street
* Buying: $700,000 – $1,200,000
* Renting: $1,800 – $2,800/month
Chapel Street
(Image for illustration purposes only.)
Chapel Street is renowned for its retail offerings and dining options. It's a trendy area frequented by many young professionals and shoppers, featuring both high-end boutiques and casual eateries.
Characteristics of the Chapel Street
* Culture: Fashion hub, popular eateries
* Transportation: Tram services along Chapel Street, close to train station
* Services: Variety of shops, supermarkets, and markets
* Environment: Energetic, fashionable, and vibrant
Housing Options in the Chapel Street
Luxury apartments, converted warehouses, studios
Average Home Prices in the Chapel Street
* Buying: $800,000 – $1,500,000
* Renting: $2,200 – $3,500/month
Prahran Market Area
(Image for illustration purposes only.)
Surrounding the famous Prahran Market, this area offers a unique residential vibe characterized by fresh produce and a strong community atmosphere. It's ideal for those who love a lively market atmosphere.
Characteristics of the Prahran Market Area
* Culture: Community-focused, food culture
* Transportation: Accessible via tram and short walk to Prahran station
* Services: Local shops, fresh food markets, cafes
* Environment: Family-friendly, community-oriented
Housing Options in the Prahran Market Area
Heritage homes, apartments, split-level homes
Average Home Prices in the Prahran Market Area
* Buying: $700,000 – $1,100,000
* Renting: $1,750 – $2,400/month
Malvern Road
(Image for illustration purposes only.)
Malvern Road is a quieter residential area that offers an excellent mix of local amenities. It’s ideal for families looking for a calm environment close to schools and parks.
Characteristics of the Malvern Road
* Culture: Family-oriented, suburban charm
* Transportation: Easy access to trams and trains
* Services: Schools, parks, and sports facilities
* Environment: Tranquil, leafy, and welcoming
Housing Options in the Malvern Road
Single-family homes, townhouses, duplexes
Average Home Prices in the Malvern Road
* Buying: $900,000 – $1,400,000
* Renting: $1,900 – $2,700/month
Windsor
(Image for illustration purposes only.)
Adjacent to Prahran, Windsor is known for its vibrant arts scene and diverse culture. The area is popular among young families and professionals seeking a blend of community and urban access.
Characteristics of the Windsor
* Culture: Art galleries, music venues
* Transportation: Tram service and proximity to train stations
* Services: Wide range of cafes and shops
* Environment: Eclectic, vibrant, and inviting
Housing Options in the Windsor
Cottage-style homes, modern apartments, units
Average Home Prices in the Windsor
* Buying: $600,000 – $1,000,000
* Renting: $1,600 – $2,500/month
Commune of Prahran
(Image for illustration purposes only.)
This area encompasses various community parks and facilities, providing a great place for families with children. The ambiance is inclusive and friendly, perfect for active lifestyles.
Characteristics of the Commune of Prahran
* Culture: Community events, outdoor activities
* Transportation: Good public transport connectivity
* Services: Parks, schools, sports centres
* Environment: Family-friendly, inclusive
Housing Options in the Commune of Prahran
Family homes, low-rise apartments
Average Home Prices in the Commune of Prahran
* Buying: $700,000 – $1,200,000
* Renting: $1,800 – $2,600/month
Frequently Asked Questions About the Best Residential Areas in Prahran:
The best residential areas in Prahran include Greville Street, Chapel Street, Prahran Market Area, Malvern Road, Windsor, and the Commune of Prahran.
Malvern Road and the Commune of Prahran are highly recommended for families due to their proximity to schools, parks, and community facilities.
The average rent in Prahran ranges between $1,600 to $3,500 per month depending on the area and property type.
Windsor and parts of the Prahran Market Area tend to offer more affordable housing options.
Yes, Prahran has excellent public transport options, including tram and train services throughout the suburb.
The average property price in Prahran can vary widely, typically ranging from $600,000 to $1,500,000.
Yes, Prahran is home to various reputable schools and educational facilities catering to children of all ages.
Greville Street and Chapel Street are the most vibrant areas for nightlife, featuring numerous bars, clubs, and dining options.
Yes, Prahran has several parks and recreational areas, particularly in the Commune of Prahran, suitable for families and outdoor activities.
Prahran offers a diverse range of housing options, including heritage homes, modern apartments, townhouses, and units.
Conclusion on the Best Residential Areas in Prahran:
Prahran is an exceptional suburb that balances urban vibrancy with community charm. The diversity of residential areas—from the lively Greville and Chapel Streets to the quieter Malvern Road—caters to a broad spectrum of lifestyles. Whether you are a family seeking tranquility, a young professional embracing the vibrant culture, or someone looking for convenience, Prahran offers suitable options for everyone. When considering a move to this dynamic suburb, prospective residents should explore the area, get familiar with local amenities, and consult with real estate agents to find their perfect home.
About the Author
Published by:Eribert De Oliveira
Mechatronics Engineer and founder of Mi Inmueble Online, with a background in real estate. I combine technology and analysis to help you find the best areas to live.