Suburb

Market snapshot

Suburb insights for Preston3072

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Preston, 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

AddressBedroomsPriceTypeMethodSale DateAgentListing
3 Etnam St, Preston3PriceHouseAuction Sale17/07/2026Barry PlantView
128D Raglan St, Preston2PriceTownhousePrivate Sale12/07/2026MilesView
202/100 Plenty Rd, Preston2PriceApartmentExpression of Interest9/07/2026hockingstuartView
80 Wood St, Preston3PriceHousePrivate Sale8/07/2026FletchersView
1/1A Sylvester Gr, Preston3PriceTownhousePrivate Sale3/07/2026Jellis CraigView
2/11 Bischoff St, Preston2PriceTownhouseSold Before Auction21/03/2026Nelson Alexander
1/7 Mihil St, Preston4PriceTownhousePassed in at Auction17/07/2026McgrathView
85C Murray Rd, Preston2PriceTownhousePassed in at Auction17/07/2026Love & Co
2 Tiernan St, Preston4PriceHousePassed in Vendor Bid17/07/2026Nelson AlexanderView

Sales data

Median sale price
$1.2mil
Quarterly price change
-4.3%
Metro Melbourne Comparison
$953k
-3.1%
BedroomsPrestonMetro comparison
2$1,024,000$950,000
3$1,217,500$872,000
4$1,410,000$990,000
InsightPrestonMetro comparison
Clearance rate67.1%68.8%
Days on market36.542

Rental data

Median weekly rent
$700
Rental yield
2.9%
Metro Melbourne Comparison
$580
3.1%
BedroomsPrestonMetro comparison
2$600$600
3$720$560
4$915$600
Median data for the current quarter
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