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
8 Ada St, Preston4PriceHousePassed in Vendor Bid26/06/2026Jellis Craig
144 Cramer St, Preston3PriceHouseAuction Sale26/06/2026Nelson AlexanderView
5/584 Murray Rd, Preston2PriceUnitPassed in at Auction26/06/2026Barry PlantView
60 Kendall St, Preston3PriceHouseSold Before Auction24/06/2026hockingstuartView
53 Kendall St, Preston2PriceHousePrivate Sale17/06/2026Jellis CraigView
15 Fitzroy St, Preston3PriceHousePrivate Sale14/06/2026Barry Plant
1A Margtmary Av, Preston3PriceHouseSold Before Auction9/06/2026Nelson AlexanderView
3/109 Plenty Rd, Preston2PriceTownhousePrivate Sale9/06/2026Nelson AlexanderView

Sales data

Median sale price
$1.3mil
Quarterly price change
1.8%
Metro Melbourne Comparison
$992k
1.9%
BedroomsPrestonMetro comparison
2$1,017,000$950,000
3$1,200,000$863,000
4$1,388,000$980,500
InsightPrestonMetro comparison
Clearance rate76.3%74.9%
Days on market3837

Rental data

Median weekly rent
$700
Rental yield
2.9%
Metro Melbourne Comparison
$580
3.1%
BedroomsPrestonMetro comparison
2$595$595
3$700$550
4$925$595
Median data for the current quarter
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