MARKET UPDATE REPORT
SOUTH YARRA & PRAHRAN
FEATURE PROP ERTY
SOUTH YARRA & PRAHRAN MARKET REVIEW WITH JAMES MCCORMACK
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. JANUARY - MARCH 2026 224
$2,538,999
$2,694,130
JAMES
29 DARLING STREET
SOUTH YARRA
A 5 B 5 C 3 E 649 approx.
This breathtaking 5 bedroom, 5 bathroom residence’s grand proportions and château-inspired design deliver luxurious, bespoke living with expansive indoor-outdoor spaces and premium finishes throughout.
PROPERTY HIGHLIGHT PROPERTY HIGHLIGHT
24 GROSVENOR STREET
SOUTH YARRA
A 4 B 2 C 2
This brand-new architect-designed residence’s luxurious proportions and refined finishes deliver exceptional innerurban living with expansive open-plan spaces and seamless indoor-outdoor entertaining.
