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
460 Bell St, Preston2PriceHouseAuction Sale28/01/2026Harcourts Rata & CoView
308/50-56 High St, Preston2PriceApartmentPrivate Sale12/01/2026Nelson Alexander
227/100 Plenty Rd, Preston2PriceApartmentPrivate Sale18/01/2026RT Edgar ManninghamView
52 Tyler St, Preston4PriceHousePrivate Sale16/01/2026Jellis Craig Pascoe ValeView
2/66 Bruce St, Preston1PriceUnitPrivate Sale13/01/2026Nelson AlexanderView
128B Raglan St, Preston2PriceTownhousePrivate Sale9/01/2026Nelson AlexanderView
3/209C Wood St, Preston1PriceApartmentPrivate Sale20/12/2025Barry Plant

Sales data

Median sale price
$1.3mil
Quarterly price change
1%
Metro Melbourne Comparison
$974k
1.8%
BedroomsPrestonMetro comparison
2$1,035,000$940,000
3$1,191,250$851,000
4$1,411,000$970,000
InsightPrestonMetro comparison
Clearance rate77.7%77.8%
Days on market4136

Rental data

Median weekly rent
$680
Rental yield
2.9%
Metro Melbourne Comparison
$580
3.2%
BedroomsPrestonMetro comparison
2$575$585
3$680$550
4$915$600
Median data for the current quarter

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