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
1/1 Furzer St, Preston3PriceTownhouseAuction Sale15/05/2026hockingstuartView
44 Warrs Av, Preston3PriceHouseAuction Sale15/05/2026Ray WhiteView
12 Winifred St, Preston3PriceHouseAuction Sale15/05/2026Nelson AlexanderView
80 Wood St, Preston3PriceHousePassed in Vendor Bid15/05/2026FletchersView
147 Tyler St, Preston3PriceHousePrivate Sale11/05/2026hockingstuartView
28 Murphy Gr, Preston2PriceHousePrivate Sale8/05/2026Ray WhiteView
512/5 Blanch St, Preston2PriceApartmentPrivate Sale14/04/2026Ray WhiteView
19 Cambrian Av, Preston4PriceHouseAuction Sale15/05/2026Barry PlantView
1/36 Holly St, Preston2PriceTownhousePassed in Vendor Bid15/05/2026Ray WhiteView
1 Inverloch St, Preston2PriceHouseSold Before Auction10/05/2026McgrathView
18 Latona Av, Preston4PriceHousePrivate Sale5/05/2026Jellis CraigView
415/388 Murray Rd, Preston2PriceApartmentPrivate Sale30/04/2026VICPROP - Brunswick & ResevoirView
313/5 Blanch St, Preston1PriceApartmentPrivate Sale16/04/2026Nelson 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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