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
57 Albert St, Preston3PriceHousePassed in Vendor Bid11/07/2025Love & Co
507/5 Blanch St, Preston2PriceApartmentPassed in at Auction11/07/2025Ray WhiteView
26A Edwin St, Preston4PriceHousePassed in at Auction11/07/2025Barry PlantView
2/23 Laha Cr, Preston3PriceTownhouse (Single)Private Sale10/07/2025THE BISI AGENTView
5/152 Tyler St, Preston1PriceUnitAuction Sale9/07/2025HarcourtsView
401/14-18 Gilbert Rd, Preston2PriceApartmentPrivate Sale6/07/2025McgrathView
41 Sheila St, Preston2PriceHousePrivate Sale24/06/2025Ray WhiteView
17 Leicester St, Preston3PriceHouseSold Before Auction27/06/2025Nelson AlexanderView
42/11-13 Cooma St, PrestonPriceUnitPrivate Sale17/06/2025Little 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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