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 |
|---|---|---|---|---|---|---|---|
| 1/11 Diamond St, Preston | 3 |  | House | Auction Sale | 15/08/2025 | Ray White | View |
| 213 Dundas St, Preston | 3 |  | House | Passed in at Auction | 15/08/2025 | Mcgrath | View |
| 1/23 Regent St, Preston | 2 |  | Townhouse | Auction Sale | 15/08/2025 | Ray White | View |
| 2/18 Gordon Gr, Preston | 3 | | House | Auction Sale | 14/08/2025 | RT Edgar Northside | |
| 39 Wilcox St, Preston | 4 | | House | Sold Before Auction | 28/07/2025 | Nelson Alexander | View |
| 9/5 Cooma St, Preston | 1 | | Unit | Private Sale | 7/07/2025 | Little Real Estate |
Sales data
Median sale price
$1.2mil
Quarterly price change
-1.6%
Metro Melbourne Comparison
$924k
0.4%
| Bedrooms | Preston | Metro comparison |
|---|---|---|
| 2 | $1,028,000 | $890,000 |
| 3 | $1,160,000 | $815,000 |
| 4 | $1,388,000 | $950,000 |
| Insight | Preston | Metro comparison |
|---|---|---|
| Clearance rate | 73% | 79.5% |
| Days on market | 41 | 39 |
Rental data
Median weekly rent
$650
Rental yield
2.9%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Preston | Metro comparison |
|---|---|---|
| 2 | $550 | $580 |
| 3 | $650 | $550 |
| 4 | $850 | $600 |
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