Market snapshot
Suburb insights for Preston3072
Change suburbPreston, approximately 9 km north of Melbourne’s CBD, has evolved from a working-class suburb into a thriving, multicultural area that is popular with young families and first-home buyers. It offers a rich mix of cultures reflected in its markets, eateries, and local events, anchored by Preston Market and High Street shopping precincts. Well-served by trains, trams, and buses, the suburb also boasts numerous parks and schools, contributing to its growing popularity.
Recent sales and auction results in Preston
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 404/388 Murray Rd, Preston | 2 | Apartment | Auction Sale | 21/08/2026 | Ray White Northcote | ||
| 556-558 Plenty Rd, Preston | 4 | House | Passed in at Auction | 21/08/2026 | Ray White Northcote | ||
| 206/277 Raglan St, Preston | 2 | Apartment | Private Sale | 18/08/2026 | hockingstuart | View | |
| 403/33 Seymour St, Preston | 2 | Apartment | Private Sale | 17/08/2026 | hockingstuart | View | |
| 4 Little Ruby St, Preston | 3 | Townhouse | Private Sale | 28/07/2026 | Nelson Alexander | View | |
| 23/44-46 Mary St, Preston | 2 | Apartment | Private Sale | 27/07/2026 | Nelson Alexander | View | |
| 210/18 Gilbert Rd, Preston | 2 | Apartment | Private Sale | 23/07/2026 | VICPROP - Brunswick & Resevoir | ||
| 15 Gertrude St, Preston | 4 | House | Auction Sale | 21/08/2026 | RT Edgar Northside | ||
| 3 Avondale Rd, Preston | 3 | House | Sold Before Auction | 18/08/2026 | Woodards | ||
| 54 James St, Preston | 3 | House | Sold Before Auction | 16/08/2026 | Nelson Alexander | View |
Sales data
Median sale price
$1.2mil
Quarterly price change
-4.3%
Metro Melbourne Comparison
$953k
-3.1%
| Bedrooms | Preston | Metro comparison |
|---|---|---|
| 2 | $1,024,000 | $950,000 |
| 3 | $1,217,500 | $872,000 |
| 4 | $1,410,000 | $990,000 |
| Insight | Preston | Metro comparison |
|---|---|---|
| Clearance rate | 67.1% | 68.8% |
| Days on market | 36.5 | 42 |
Rental data
Median weekly rent
$700
Rental yield
2.9%
Metro Melbourne Comparison
$580
3.1%
| Bedrooms | Preston | Metro comparison |
|---|---|---|
| 2 | $600 | $600 |
| 3 | $720 | $560 |
| 4 | $915 | $600 |

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