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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 29,925 people and 35.88% of its occupants live in rental accommodation. The median listing price for houses is $780,000 and this has changed 18.18% over the past year and changed 10.00% over 2 years.

The median rent in Preston for houses is $450 per week and the median rental yield is 3.00%. Stock on the market for houses/townhouses has changed 18.42% compared to last year and the average time to sell a house/townhouse is 76 days.The median listing price for units is $390,000 and this has changed 2.90% over the past year. The average unit takes 198 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

2.13%

Current vacancy rate


234

Rental stock available


29,925

Population


35.88%

Rental population


2.36%

Current vacancy rate


1,216

Rental stock available


136,474

Population


35.11%

Rental population


1.78%

Current vacancy rate


34,574

Rental stock available


5,354,042

Population


26.51%

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 $780,000 $600,000 $390,000
Median price change - last quarter 7.00% 3.75% 2.22%
Median price change - 1 year 18.18% 9.09% 2.90%
Median price change -2 years 10.00% 10.22% -0.27%
  House Townhouses Units
Median weekly rent $450 $450 $360
Median yield % 3.00% 3.90% 4.80%
Median rent change - 1 year 7.14% 7.14% 2.85%
  House Units
Previous month sales 27 12
Stock on market previous month 90 80
Stock variance vs. last year 18.42% 21.21%
Average days on market 76 198

Preston investment property listings

Showing 5 of 269 investment properties found in Preston on realestateinvestar.com.au

21 Emerald St, Preston

$745,000

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Unpolished Gem

Become part of the ongoing evolution of this exciting pocket where this charming three bedroom home offers exciting options for renovation or redevelopment, (STCA). On a block of 495m2 (approx.) it is close to parks, transport, Preston Market and schools. - Spacious lounge with quaint two-way ...

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House

VIC 3072


340 Plenty Rd, Preston

$850,000

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Landmark Opportunity In The Coveted Inner North

Landmark four/five bedroom Victorian residence, steeped in history and prominently positioned, offers astute renovators and developers a unique opportunity to think outside the box to enhance or redevelop to create something spectacular, STCA. - Exceptional renovation opportunity on 337m2 ...

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House

VIC 3072


2/210 Wood St, Preston

$480,000

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Clever entry to a lifestyle of convenience

Privately positioned at the rear of a boutique block of two, this spacious two bedroom villa unit offers brilliant entry to a flourishing Preston locale. Freshly painted and re-carpeted it offers low-maintenance living, steps to Plenty Road trams and cafes. - Spacious living incorporates a bright ...

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Townhouse

VIC 3072


141 Albert St, Preston

$650,000

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A Classical Image For Contemporary Ideas

Entirely contemporary behind a classical clinker brick image, this exceptional two bedroom home's indoor sophistication is complemented by highly desirable outdoor dimensions including an elegant entertaining pavillion, a convenient double garage and ample additional off street parking. Gleaming ...

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House

VIC 3072


203 Tyler St, Preston

$950,000

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Fine family living

Built by the original owners and lovingly maintained by just one other in 80+ years, this pristine three bedroom Californian Bungalow combines period warmth with contemporary comfort in a key location minutes from trams, shops and schools. Set on approx. 556m2, this inviting home displays its ...

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House

VIC 3072


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