Market snapshot
Suburb insights for Preston3072
Change suburbMulticultural 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
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 1/10 Belgrove St, Preston | 3 |  | Townhouse | Auction Sale | 27/06/2025 | RT Edgar Northside | |
| 682 Bell St, Preston | 2 |  | Townhouse | Passed in at Auction | 27/06/2025 | hockingstuart | View |
| 40A James St, Preston | 2 |  | Townhouse | Auction Sale | 27/06/2025 | Jellis Craig | View |
| 2/35 Newcastle St, Preston | 2 |  | Townhouse | Passed in Vendor Bid | 27/06/2025 | Professionals Rosanna | |
| 40 Penola St, Preston | 5 |  | House | Auction Sale | 27/06/2025 | Jellis Craig | View |
| 219/2 Plenty Rd, Preston | 2 | | Apartment | Passed in Vendor Bid | 27/06/2025 | Ray White | View |
| 50 Victoria St, Preston | 3 |  | House | Auction Sale | 27/06/2025 | Nelson Alexander | View |
| 13/115 High St, Preston | 1 |  | Apartment | Expression of Interest | 16/06/2025 | hockingstuart | View |
| 508/183 High St, Preston | 1 |  | Apartment | Private Sale | 4/06/2025 | Ian Reid Vendor Advocacy | |
| 12 Beauchamp St, Preston | 4 | | House | Auction Sale | 27/06/2025 | IHomes Real Estate | |
| 143 Bruce St, Preston | 5 | | House | Passed in Vendor Bid | 27/06/2025 | Ray White | View |
| 37 Sheila St, Preston | 3 | | House | Auction Sale | 27/06/2025 | Nelson Alexander | View |
| 141 Gower St, Preston | 2 | | House | Sold Before Auction | 5/03/2025 | Nelson Alexander |
Sales data
Median sale price
$1.2mil
Quarterly price change
1.1%
Metro Melbourne Comparison
$923k
2.7%
| Bedrooms | Preston | Metro comparison |
|---|---|---|
| 2 | $986,000 | $881,200 |
| 3 | $1,170,000 | $810,000 |
| 4 | $1,420,000 | $942,350 |
| Insight | Preston | Metro comparison |
|---|---|---|
| Clearance rate | 80% | 78.5% |
| Days on market | 41 | 42 |
Rental data
Median weekly rent
$650
Rental yield
2.8%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Preston | Metro comparison |
|---|---|---|
| 2 | $550 | $580 |
| 3 | $650 | $550 |
| 4 | $855 | $600 |
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