Preston VIC 3072

Here you can find what you need to know about Preston, VIC, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$950k Median Sale Price (National Average $485k) 148th In VIC
-5% Median Price Change (1 yr) (National Average 4.30%) 2515th In VIC
$490pw Median Rent (National Average $395) 163rd In VIC
2.7% Median Gross Yield (National Average 4.24%) 504th In VIC
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Properties sold 284
Average discounting -5.86%
Average Days on Market 44
Stock on Market 28 for sale

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

Example Only
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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Preston, VIC National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Preston, VIC National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Preston, VIC National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Development Permits for Houses

Building permits are provided for council approved development applications. Where the available permits contain the type of development, date of submission, the date of approval, estimated build cost, estimated development area, builder and materials listed.

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Property Prices in Preston


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Latest Auction Results for Preston as at 16 June 2019

Property Details
Sale Price
2Bed / 1Bath / Car / Unit
$405,000
2Bed / 2Bath / Car / House
$865,000
3Bed / 1Bath / 2Car / House
$906,500
1Bed / 1Bath / Car / Unit
-
1Bed / 1Bath / Car / Unit
-

State Auction Clearance Rates - June 2019

Auctions Clearance rate
VIC 724 65%
ACT 39 49%
NSW 534 66%
NT 4 0%
QLD 93 40%
SA 80 47%
WA 35 35%

Local Schools


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Suburb Information

Preston, VIC 3072

Part of: Darebin Council No data available

The size of Preston is approximately 11.5 square kilometres. It has 19 parks covering nearly 3.6% of total area. The population of Preston in 2011 was 29,925 people. By 2016 the population was 32,865 showing a population growth of 9.8% in the area during that time. The predominant age group in Preston is 30-39 years. Households in Preston are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Preston work in a professional occupation. In 2011, 60.2% of the homes in Preston were owner-occupied compared with 56.7% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Preston

Demographic data provided
by Australian Bureau of Statistics


Market Trends for Preston   for Houses in last 12 months


There have been 268 Houses sold in Preston in the past 12 months with a median sale price of $926K, up -7.42% annually. It takes on average 46 days to sell with vendor discounting of -6.15%.

Streets in Preston


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Coburg VIC, 3058 -6.50% $935,000 $550pw 3.1% View Suburb Profile
Clayton VIC, 3168 -20.49% $985,000 $450pw 2.4% View Suburb Profile
Manoora QLD, 4870 -10% $315,000 $350pw 5.8% View Suburb Profile
Northcote VIC, 3070 -0.93% $1,325,000 $650pw 2.5% View Suburb Profile