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Investment Property Preston, VIC, 3072

Suburb Snapshot

Preston is a suburb in the Darebin Region of Victoria. Preston has a population of 32,851 people and 34.51% of its occupants live in rental accommodation. The median listing price for houses is $869,000 and this has changed 31.66% over the past year and changed 6.45% over 2 years.

The median rent in Preston for houses is $450 per week and the median rental yield is 2.69%. Stock on the market for houses/townhouses has changed 34.57% compared to last year and the average time to sell a house/townhouse is 71 days.The median listing price for units is $390,000 and this has changed 2.90% over the past year. The average unit takes 179 days to sell and the median rent for a unit in Preston is $360 per week, producing a rental yield of 4.80%.

Supply & Demand in Preston, Darebin

1.22%

Current vacancy rate


174

Rental stock available


32,851

Population


34.51%

Rental population


1.27%

Current vacancy rate


804

Rental stock available


146,723

Population


33.59%

Rental population


1.19%

Current vacancy rate


30,069

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Preston, Darebin

  House Townhouses Units
Median listing price $869,000 $640,000 $390,000
Median price change - last quarter 8.14% 10.17% 1.28%
Median price change - 1 year 31.66% 16.36% 2.90%
Median price change -2 years 6.45% 10.55% -0.27%
  House Townhouses Units
Median weekly rent $450 $450 $360
Median yield % 2.69% 3.65% 4.80%
Median rent change - 1 year 7.14% 4.65% 2.85%
  House Units
Previous month sales 41 14
Stock on market previous month 109 76
Stock variance vs. last year 34.57% -3.80%
Average days on market 71 179

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