Market snapshot

Suburb insights for Preston3072

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Multicultural Preston is a lively mix of new and long-term residents buying produce at Preston Market and soaking up the arts cafes and multicultural vibes. Preston is 9 km north from Melbourne's CBD. Preston is well connected by public transport you can catch a train bus or tram to get around to Preston Market or Northland Shopping Centre quite easily. Preston features Melbourne Polytechnic Preston Campus Preston Oval and delicious food wonders on High Street.

Recent sales and auction results in Preston

AddressBedroomsPriceTypeMethodSale DateAgentListing
2/1 Bowden St, Preston1PriceTownhouseAuction Sale16/05/2025Barry PlantView
47 Harrow St, Preston2PriceHouseAuction Sale16/05/2025Nelson AlexanderView
1/23 Laha Cr, Preston3PriceTownhouseAuction Sale16/05/2025Ray WhiteView
1/41 Spring St, Preston3PriceTownhousePassed in at Auction16/05/2025hockingstuartView
24B Tynan St, Preston4PriceHouseSold Before Auction15/05/2025RT Edgar Northside
23 Mt Pleasant Rd, Preston2PriceHousePassed in Vendor Bid16/05/2025Barry PlantView
6 Kitchener Gr, Preston4PriceHouseSold Before Auction8/05/2025Nelson AlexanderView
25 Penola St, Preston3PriceHouseSold Before Auction8/05/2025Nelson AlexanderView
49 Wilcox St, Preston3PriceHouseSold Before Auction4/04/2025Nelson Alexander

Sales data

Median sale price
$1.2mil
Quarterly price change
1.1%
Metro Melbourne Comparison
$923k
2.7%
BedroomsPrestonMetro comparison
2$986,000$881,200
3$1,170,000$810,000
4$1,420,000$942,350
InsightPrestonMetro comparison
Clearance rate80%78.5%
Days on market4142

Rental data

Median weekly rent
$650
Rental yield
2.8%
Metro Melbourne Comparison
$580
3.3%
BedroomsPrestonMetro comparison
2$550$580
3$650$550
4$855$600
Median data for the current quarter
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