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 Beauchamp St, Preston3PriceHouseAuction Sale4/04/2025Nelson AlexanderView
112 Bruce St, Preston3PriceHouseAuction Sale4/04/2025McgrathView
141 Dundas St, Preston5PriceHouseAuction Sale4/04/2025FletchersView
2/12 Murphy Gr, Preston3PriceUnitAuction Sale4/04/2025hockingstuart - 0View
11 Scotia St, Preston4PriceHousePassed in Vendor Bid4/04/2025Jellis CraigView
38 Spring St, Preston3PriceHouseAuction Sale4/04/2025Ray WhiteView
105/43-65 High St, Preston2PriceApartmentPrivate Sale31/03/2025Dingle PartnersView
1/124-126 Tyler St, Preston2PriceTownhousePrivate Sale21/03/2025Barry PlantView
9 Mary St, Preston2PriceHouseSold Before Auction27/03/2025Nelson Alexander - 0View

Sales data

Median sale price
$1.2mil
Quarterly price change
1.1%
Metro Melbourne Comparison
$923k
2.7%
BedroomsPrestonMetro comparison
2$986,000$881,200
3$1,170,000$810,000
4$1,420,000$942,350
InsightPrestonMetro comparison
Clearance rate80%78.5%
Days on market4142

Rental data

Median weekly rent
$650
Rental yield
2.8%
Metro Melbourne Comparison
$580
3.3%
BedroomsPrestonMetro comparison
2$550$580
3$650$550
4$855$600
Median data for the current quarter
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