Suburb

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
1/4 Hay St, Preston3PriceTownhousePassed in at Auction18/07/2025Yaz n Ell Realtors
10 Milton Cr, Preston2PriceHouseAuction Sale18/07/2025Barry PlantView
67A Youngman St, Preston4PriceHouseAuction Sale18/07/2025Ray WhiteView
13 Flett St, Preston2PriceHouseSold Before Auction17/07/2025Nelson AlexanderView
1/15 Malcolm St, Preston3PriceHouseSold Before Auction17/07/2025Barry PlantView
4/37 Cramer St, Preston3PriceTownhousePrivate Sale5/07/2025Morrison Kleeman
43/11-13 Cooma St, PrestonPriceUnitPrivate Sale19/06/2025Little Real Estate
18/11-13 Cooma St, PrestonPriceUnitPrivate Sale13/06/2025Little Real Estate

Sales data

Median sale price
$1.2mil
Quarterly price change
-1.6%
Metro Melbourne Comparison
$924k
0.4%
BedroomsPrestonMetro comparison
2$1,028,000$890,000
3$1,160,000$815,000
4$1,388,000$950,000
InsightPrestonMetro comparison
Clearance rate73%79.5%
Days on market4139

Rental data

Median weekly rent
$650
Rental yield
2.9%
Metro Melbourne Comparison
$580
3.3%
BedroomsPrestonMetro comparison
2$550$580
3$650$550
4$850$600
Median data for the current quarter
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