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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 $740,000 and this has changed 10.44% over the past year and changed 11.66% over 2 years.

The median rent in Preston for houses is $440 per week and the median rental yield is 3.09%. Stock on the market for houses/townhouses has changed 26.67% 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

1.90%

Current vacancy rate


209

Rental stock available


29,925

Population


35.88%

Rental population


2.13%

Current vacancy rate


1,098

Rental stock available


136,474

Population


35.11%

Rental population


1.70%

Current vacancy rate


32,981

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 $740,000 $580,000 $390,000
Median price change - last quarter 6.06% 1.63% 0.39%
Median price change - 1 year 10.44% 5.64% 2.90%
Median price change -2 years 11.66% 12.04% 1.06%
  House Townhouses Units
Median weekly rent $440 $440 $360
Median yield % 3.09% 3.94% 4.80%
Median rent change - 1 year 4.76% 4.76% 2.85%
  House Units
Previous month sales 36 6
Stock on market previous month 95 71
Stock variance vs. last year 26.67% 14.52%
Average days on market 76 198

Preston investment property listings

Showing 5 of 275 investment properties found in Preston on realestateinvestar.com.au

2/34 Union St, Preston

$700,000

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IDEAL SINGLE LEVEL DIMENSIONS

Set at the rear to make the most of sunny northerly aspects, this instantly inviting modern residence is further enhanced by proximity to Gilbert Road tram routes, Grey Reserve and Newlands Primary School. One of only two, the well designed floor-plan features a generous living/dining domain ...

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Unit

VIC 3072


402/43-65 High St, Preston

$410,000

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Penthouse Living with View of City Skyline

From the fabulous terrace of this penthouse style apartment, quite clearly amongst the very best in the building, the entire city skyline creates a spectacular backdrop by day and by night. The luxury of the spaces makes an equally memorable impression. Large living/dining areas that flow ...

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Unit

VIC 3072


103-111 Dundas St, Preston

$355,000

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AN INFORMED PROPERTY INVESTMENT OPPORTUNITY ALREADY AT WORK.

Apartment G.04 - Ultra-modern, secure apartment with large courtyard right amongst the action of the street. Currently tenanted on a 12 month lease, this amazing apartment rewards the astute investor with a competitive rental yield. The Corner Store is a collection of newly completed high end ...

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Unit

VIC 3072


3/29 Holly St, Preston

$600,000

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Perfect Package of Quality & Convenience

CONSTRUCTION COMMENCED. Don't miss out on Preston's brand new townhouses. These 3 architecturally designed townhouses deliver on all fronts with high-quality features, creative life and convenient Preston location within walking distance to Northland Shopping Centre. Easy access to Plenty Road ...

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Townhouse

VIC 3072


10 Ivy St, Preston

$690,000

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Period warmth with contemporary flair

This historic corner residence, stylishly extended in light-filled contemporary style, offers luxurious low-maintenance living in a select precinct with a tram stop at the door, close to cafes, parkland, schools and Melbourne Polytechnic. Immaculately presented, featuring stone floors, a striking ...

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House

VIC 3072


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