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
14 Foley Av, Preston3PriceHouseAuction Sale2/05/2025Nelson AlexanderView
30 James St, Preston3PriceHouseAuction Sale2/05/2025Jellis CraigView
25 Newcastle St, Preston3PriceHouseAuction Sale2/05/2025Nelson AlexanderView
30 Townhall Av, Preston3PriceHouseSold Before Auction29/04/2025Ray WhiteView
50/102-106 St Georges Rd, Preston1PriceApartmentPrivate Sale23/04/2025hockingstuartView
102 Tyler St, Preston3PriceHousePassed in Vendor Bid2/05/2025Nelson AlexanderView
20 Inverloch St, Preston4PriceHouseSold Before Auction18/04/2025RT Edgar Northside
48 Gordon Gr, Preston3PriceHouseSold Before Auction14/04/2025RT Edgar Northside

Sales data

Median sale price
$1.2mil
Quarterly price change
1.1%
Metro Melbourne Comparison
$923k
2.7%
BedroomsPrestonMetro comparison
2$986,000$881,200
3$1,170,000$810,000
4$1,420,000$942,350
InsightPrestonMetro comparison
Clearance rate80%78.5%
Days on market4142

Rental data

Median weekly rent
$650
Rental yield
2.8%
Metro Melbourne Comparison
$580
3.3%
BedroomsPrestonMetro comparison
2$550$580
3$650$550
4$855$600
Median data for the current quarter
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