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
28 Kenneth St, Preston3PriceHouse (Res)Auction Sale21/02/2025Nelson AlexanderView
82 May St, Preston3PriceUnitAuction Sale21/02/2025Nelson AlexanderView
40 Railway Pl.E, Preston2PriceHouse (Res)Auction Sale21/02/2025Woodards
15 Railway Pl.W, Preston3PriceHouse (Res)Auction Sale21/02/2025Nelson Alexander
71 Youngman St, Preston3PriceHouse (Res)Passed in at Auction21/02/2025FletchersView
71 Youngman St, Preston3PriceHouse (Res)Auction Sale21/02/2025FletchersView
2/15 Sussex St, Preston2PriceTownhouse (Res)Auction Sale21/02/2025Jellis CraigView
2/109 Plenty Rd, Preston2PriceTownhouse (Res)Sold Before Auction16/02/2025Nelson AlexanderView

Sales data

Median sale price
$1.2mil
Quarterly price change
1.6%
Metro Melbourne Comparison
$895k
-2.1%
BedroomsPrestonMetro comparison
2$966,250$888,000
3$1,165,000$807,000
4$1,445,000$950,000
InsightPrestonMetro comparison
Clearance rate69%72.6%
Days on market4043

Rental data

Median weekly rent
$650
Rental yield
2.8%
Metro Melbourne Comparison
$580
3.3%
BedroomsPrestonMetro comparison
2$550$575
3$650$550
4$850$600
Median data for the current quarter
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