Market snapshot
Suburb insights for Preston3072
Change suburbPreston, 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
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 213/5 Blanch St, Preston | 1 |  | Apartment | Passed in at Auction | 5/12/2025 | Ray White | View |
| 17B Emerald St, Preston | 4 |  | House | Auction Sale | 5/12/2025 | Jellis Craig | View |
| 58/93-103 High St, Preston | 2 | | Apartment | Passed in at Auction | 5/12/2025 | The Realest Estate | |
| 4 Kenwood Wlk, Preston | 3 |  | Townhouse | Passed in Vendor Bid | 5/12/2025 | Nelson Alexander | View |
| 1/1 Empire St, Preston | 3 |  | House | Sold Before Auction | 3/12/2025 | Nelson Alexander | View |
| 303/35 Plenty Rd, Preston | 3 |  | Apartment | Private Sale | 23/11/2025 | Ristic RE | View |
| 3/466 Bell St, Preston | 2 |  | Unit | Sold Before Auction | 21/11/2025 | THE BISI AGENT | View |
| 532 Murray Rd, Preston | 3 |  | House | Sold Before Auction | 18/11/2025 | Nelson Alexander | View |
| 127 Gower St, Preston | 3 | | House | Auction Sale | 5/12/2025 | RT Edgar Northside | |
| 1/411 Murray Rd, Preston | 4 | | Townhouse | Passed in at Auction | 5/12/2025 | Harcourts Rata & Co | View |
| 403/100 Plenty Rd, Preston | 2 | | Apartment | Private Sale | 24/11/2025 | Harcourts Malvern East | View |
| Lot 2/329-331 Plenty Rd, Preston | 2 | | Townhouse | Private Sale | 10/11/2025 | Love & Co | |
| 509/5 Blanch St, Preston | 2 | | Apartment | Private Sale | 6/11/2025 | Nelson Alexander | View |
| 1/293-297 Plenty Rd, Preston | 2 | | Apartment | Private Sale | 30/10/2025 | Nelson Alexander | View |
Sales data
Median sale price
$1.2mil
Quarterly price change
0.4%
Metro Melbourne Comparison
$955k
2.7%
| Bedrooms | Preston | Metro comparison |
|---|---|---|
| 2 | $1,039,000 | $910,000 |
| 3 | $1,170,000 | $830,000 |
| 4 | $1,420,000 | $951,500 |
| Insight | Preston | Metro comparison |
|---|---|---|
| Clearance rate | 80.5% | 81.4% |
| Days on market | 42 | 36 |
Rental data
Median weekly rent
$660
Rental yield
2.8%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Preston | Metro comparison |
|---|---|---|
| 2 | $560 | $580 |
| 3 | $668 | $550 |
| 4 | $910 | $600 |
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