Preston is located 9 km north-east of the CBD. Bounded by the Merri Creek in the west and the Darebin Creek in the east Preston is a mixed use suburb in Melbourne's north. The suburb features a significant commercial district along High Street while the eastern regions features a significant amount of light industry. It is also a multicultural suburb with large Greek and Italian communities. Preston also features Northland Shopping Centre and the Northern Melbourne Institue of TAFE - Preston Campus.
Median data for June 2019 Quarter. Click here for details.
Median Sale Price
$874k
Metro Melbourne
$785k
Quarterly Price Change
-5.5%
-1.1%
Median Rent
$490
$450
Rental Yield
2.8%
2.9%
$460k
$590k
-6.1%
0.6%
$410
$430
4.1%
3.8%
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