Market snapshot
Suburb insights for Preston3072
Change suburbMulticultural 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
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 4/12-14 Bartlett St, Preston | 3 |  | Unit | Auction Sale | 13/06/2025 | Nelson Alexander | View |
| 4 Lovelace St, Preston | 5 |  | House | Passed in Vendor Bid | 13/06/2025 | Nelson Alexander | View |
| 451 Murray Rd, Preston | 3 |  | House | Auction Sale | 13/06/2025 | hockingstuart | View |
| 23/2 Arthur St, Preston | 2 |  | Apartment | Sold Before Auction | 12/06/2025 | Woodards | View |
| 2/500 Plenty Rd, Preston | 2 |  | Townhouse | Private Sale | 12/06/2025 | Barry Plant | |
| 9/26 Tyler St, Preston | 3 |  | Unit | Sold Before Auction | 11/06/2025 | VICPROP - Brunswick & Resevoir | |
| 608a/6 Clinch Av, Preston | 1 |  | Apartment | Expression of Interest | 9/06/2025 | hockingstuart | View |
| 2C Cooper St, Preston | 3 | | Townhouse | Sold Before Auction | 10/06/2025 | Nelson Alexander | View |
| 2/119 Dundas St, Preston | 2 | | Townhouse | Sold Before Auction | 4/06/2025 | Jellis Craig | View |
| 50 Foley Av, Preston | 2 | | House | Sold Before Auction | 22/05/2025 | Nelson Alexander |
Sales data
Median sale price
$1.2mil
Quarterly price change
1.1%
Metro Melbourne Comparison
$923k
2.7%
| Bedrooms | Preston | Metro comparison |
|---|---|---|
| 2 | $986,000 | $881,200 |
| 3 | $1,170,000 | $810,000 |
| 4 | $1,420,000 | $942,350 |
| Insight | Preston | Metro comparison |
|---|---|---|
| Clearance rate | 80% | 78.5% |
| Days on market | 41 | 42 |
Rental data
Median weekly rent
$650
Rental yield
2.8%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Preston | Metro comparison |
|---|---|---|
| 2 | $550 | $580 |
| 3 | $650 | $550 |
| 4 | $855 | $600 |
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