Suburb

Market snapshot

Suburb insights for Preston3072

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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
37 Beauchamp St, Preston3PriceHousePassed in at Auction24/10/2025Ray WhiteView
100 Bruce St, Preston4PriceHouseAuction Sale24/10/2025Barry PlantView
51A Goldsmith Av, Preston4PriceHouseAuction Sale24/10/2025RT Edgar NorthsideView
43 James St, Preston3PriceHousePassed in at Auction24/10/2025Jellis CraigView
21 James St, Preston2PriceHouseAuction Sale24/10/2025Langwell HarperView
2B Mihil St, Preston2PriceTownhouseAuction Sale24/10/2025Barry PlantView
2 Walton Av, Preston3PriceHouseAuction Sale24/10/2025Nelson AlexanderView
6 Seymour St, Preston2PriceHousePrivate Sale20/10/2025Mcgrath
3/241 Gilbert Rd, Preston2PriceUnitPrivate Sale15/10/2025RT Edgar Northside
13/559 Gilbert Rd, Preston3PriceUnitPrivate Sale14/10/2025Nelson Alexander
4/595 Gilbert Rd, Preston2PriceApartmentPassed in at Auction24/10/2025Montera Real EstateView
5/61 Spring St, Preston2PriceTownhouseSold Before Auction21/10/2025Ray White BrunswickView
4/584 Murray Rd, Preston2PriceUnitSold Before Auction7/10/2025Jellis CraigView
200B Tyler St, Preston1PriceUnitPrivate Sale26/09/2025Love & Co

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

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