MARKET UPDATE REPORT
SOUTH YARRA & PRAHRAN
FEATURE PROP ERTY
SOUTH YARRA & PRAHRAN MARKET REVIEW WITH DAVID STRINGER
JANUARY - MARCH 2026
Stonnington continues to favour auction as the preferred method of sale, with buyers responding to transparency, clear competition and the urgency that an on-market campaign creates. Period homes in good condition remain highly soughtafter, alongside turnkey properties where buyers can move straight in and avoid the cost and uncertainty of major works. We are seeing more negotiation around guidance, as some vendors rely on self-research rather than current, suburb-level data when setting pricing and campaign strategy.
Buyer priorities remain consistent: a premium position close to schools, village amenities, parkland and transport, plus a layout that supports modern living. Renovation avoidance is a strong driver, reflecting ongoing sensitivity in construction costs and timelines. Over the year ahead, growth is expected to be steady, with the most reliable outcomes for vendors who meet the market on price and leverage strong presentation and a clear strategy to convert enquiries into competitive bidding.
$2,538,999 $2,694,130
PROPERTY HIGHLIGHT
50 PERTH STREET
PRAHRAN
A 3 B 2 C 2
PROPERTY HIGHLIGHT
20 JESSAMINE AVENUE PRAHRAN
A 5 B 2 C 2
This brand-new architect-designed residence’s luxurious proportions, sculptural curves and refined finishes deliver exceptional inner-urban living, with expansive open-plan spaces, seamless indoor-outdoor flow, and premium inclusions throughout.
This character-rich c1930s residence’s grand proportions and elegant heritage detail are complemented by a dramatic contemporary extension, delivering exceptional family living with expansive open-plan spaces, seamless indoor-outdoor entertaining, and a private landscaped garden with pool in a coveted park-side setting.
