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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 $920,000 and this has changed 31.42% over the past year and changed 7.69% over 2 years.

The median rent in Preston for houses is $470 per week and the median rental yield is 2.65%. Stock on the market for houses/townhouses has changed 43.43% compared to last year and the average time to sell a house/townhouse is 88 days.The median listing price for units is $410,000 and this has changed 7.04% over the past year. The average unit takes 148 days to sell and the median rent for a unit in Preston is $370 per week, producing a rental yield of 4.69%.

Supply & Demand in Preston, Darebin

1.37%

Current vacancy rate


195

Rental stock available


32,851

Population


34.51%

Rental population


1.28%

Current vacancy rate


815

Rental stock available


146,723

Population


33.59%

Rental population


1.08%

Current vacancy rate


27,183

Rental stock available


5,926,624

Population


24.77%

Rental population


This is information is brought to you by www.realestateinvestar.com.au - The online home for property investors

Statistical data for Preston, Darebin

  House Townhouses Units
Median listing price $920,000 $649,000 $410,000
Median price change - last quarter 11.11% 1.56% 3.03%
Median price change - 1 year 31.42% 16.93% 7.04%
Median price change -2 years 7.69% 6.73% 0.92%
  House Townhouses Units
Median weekly rent $470 $450 $370
Median yield % 2.65% 3.60% 4.69%
Median rent change - 1 year 9.30% 4.65% 2.77%
  House Units
Previous month sales 41 9
Stock on market previous month 142 80
Stock variance vs. last year 43.43% 25.00%
Average days on market 88 148

Preston investment property listings

Showing 5 of 264 investment properties found in Preston on realestateinvestar.com.au

100 Gilbert Rd, PRESTON

$1,199,000

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Extended Art Deco Elegance

Period charm, contemporary style and a magnificent garden combine in this gorgeous home providing an environment of quality and class in the heart of one of the inner North's most sought-after areas. Beyond its picket-fenced garden and captivating facade, the home's inviting interior boasts three ...

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VIC 3072


18 Showers St, PRESTON

$900,000

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Period Elegance with Light and Style

Well south of Bell Street with easy access to the best of Preston and Thornbury, this freestanding home presents a terrific inner-urban lifestyle with its classic period details, quality enhancements and abundance of natural light throughout. Impeccable interior highlights three generous bedrooms, ...

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House

VIC 3072


165 Gilbert Rd, PRESTON

$900,000

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A Total Transformation

From cute shopfront to cutting-edge executive abode, this single-level sensation delivers an amazing inner-urban lifestyle opportunity with its creative design, first-class features and instant access to the best of Preston West. Cleverly reimagined interior showcases three double bedrooms (all ...

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House

VIC 3072


1/32 Kitchener Grove, PRESTON

$700,000

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Timeless Charm with Low-Maintenance Appeal

Beyond the picket-fenced garden and gorgeous facade, this classic Californian Bungalow presents an easy-living lifestyle/investment opportunity with its generous interior, immaculate presentation and wonderfully convenient location. Instantly inviting with plenty of scope to enhance, the home's ...

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VIC 3072


13 Kathleen St, PRESTON

$850,000

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Period Charm with Surprising Versatility

This Art Deco-era home comes with a large self-contained bungalow providing a lifestyle/investment of immediate comfort and flexibility along with future options to enhance, expand or renew (STCA). Immaculate interior comprises three main bedrooms and central bathroom, light-filled lounge through ...

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VIC 3072


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