Suburb

Market snapshot

Suburb insights for Preston3072

Change suburb

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
3/536 Bell St, Preston2PriceTownhouseAuction Sale12/12/2025FletchersView
2/16 Cormac St, Preston2PriceTownhousePassed in at Auction12/12/2025Ray White BurwoodView
25 Edwin St, Preston2PriceHouseAuction Sale12/12/2025Walshe & WhitelockView
325 Gilbert Rd, Preston3PriceHouseAuction Sale12/12/2025Woodards
23A Inverloch St, Preston4PriceTownhousePassed in at Auction12/12/2025Harcourts Rata & CoView
520/2 Plenty Rd, Preston1PriceApartmentPassed in at Auction12/12/2025Ray WhiteView
88 Wilcox St, Preston4PriceHouseAuction Sale12/12/2025Barry PlantView
4/136 Wood St, Preston2PriceTownhouseAuction Sale12/12/2025Ray WhiteView
18 Jacka St, Preston3PriceHousePrivate Sale11/12/2025hockingstuart
4/14 Mcdonald St, Preston2PriceUnitPrivate Sale9/12/2025hockingstuartView
102/388 Murray Rd, Preston2PriceApartmentAuction Sale8/12/2025Harcourts Rata & CoView
410A/6 Clinch Av, Preston1PriceApartmentPrivate Sale26/11/2025Nelson AlexanderView
609/9 High St, Preston2PriceApartmentPrivate Sale25/11/2025Nelson AlexanderView
4/15 Sussex St, Preston2PriceUnitSold Before Auction23/11/2025Nelson Alexander
2/22 Newcastle St, Preston2PriceUnitAuction Sale12/12/2025Nelson AlexanderView
1/15 Sussex St, Preston2PriceTownhousePrivate Sale24/11/2025Nelson AlexanderView
104/49 Plenty Rd, Preston2PriceApartmentPrivate Sale18/11/2025Nelson AlexanderView
4 Junction St, Preston3PriceHouseSold Before Auction22/09/2025Nelson Alexander

Sales data

Median sale price
$1.2mil
Quarterly price change
0.4%
Metro Melbourne Comparison
$955k
2.7%
BedroomsPrestonMetro comparison
2$1,039,000$910,000
3$1,170,000$830,000
4$1,420,000$951,500
InsightPrestonMetro comparison
Clearance rate80.5%81.4%
Days on market4236

Rental data

Median weekly rent
$660
Rental yield
2.8%
Metro Melbourne Comparison
$580
3.3%
BedroomsPrestonMetro comparison
2$560$580
3$668$550
4$910$600
Median data for the current quarter

Find a REIV member

Real estate professionals in your area with the right skills, the best knowledge and proven expertise.
Find a member