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 $600,000 and this has changed 2.56% over the past year and changed 6.36% over 2 years.

The median rent in Preston for houses is $400 per week and the median rental yield is 3.46%. Stock on the market for houses/townhouses has changed 3.00% compared to last year and the average time to sell a house/townhouse is 55 days.The median listing price for units is $375,000 and this has changed -1.32% over the past year. The average unit takes 138 days to sell and the median rent for a unit in Preston is $340 per week, producing a rental yield of 4.71%.
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List of regions in Victoria
Alpine - Ararat - Ballarat - Banyule - Bass Coast - Baw Baw - Bayside - Benalla - Boroondara - Brimbank - Buloke - Campaspe - Cardinia - Casey - Central Goldfields - Colac-Otway - Corangamite - Darebin - East Gippsland - Frankston - Gannawarra - Glen Eira - Glenelg - Golden Plains - Greater Bendigo - Greater Dandenong - Greater Geelong - Greater Shepparton - Hepburn - Hindmarsh - Hobsons Bay - Horsham - Hume - Indigo - Kingston - Knox - Latrobe - Loddon - Macedon Ranges - Manningham - Mansfield - Maribyrnong - Maroondah - Melbourne - Melton - Mildura - Mitchell - Moira - Monash - Moonee Valley - Moorabool - Moreland - Mornington Peninsula - Mount Alexander - Moyne - Murrindindi - Nillumbik - Northern Grampians - Port Phillip - Pyrenees - Queenscliffe - South Gippsland - Southern Grampians - Stonnington - Strathbogie - Surf Coast - Swan Hill - Towong - Unincorporated Vic - Wangaratta - Warrnambool - Wellington - West Wimmera - Whitehorse - Whittlesea - Wodonga - Wyndham - Yarra - Yarra Ranges - Yarriambiack
Supply & Demand in Preston, Darebin

1.63%

Current vacancy rate

179

Rental stock available

29,925

Population

35.88%

Rental population

1.98%

Current vacancy rate

1,023

Rental stock available

136,474

Population

35.11%

Rental population

1.79%

Current vacancy rate

34,881

Rental stock available

5,354,042

Population

26.51%

Rental population
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Statistical data for Preston, Darebin
  House Townhouses Units
Median listing price $600,000 $495,000 $375,000
Median price change - last quarter 0.00% 0.00% -2.64%
Median price change - 1 year 2.56% 1.43% -1.32%
Median price change -2 years 6.36% 8.44% 5.99%
  House Townhouses Units
Median weekly rent $400 $420 $340
Median yield % 3.46% 4.41% 4.71%
Median rent change - 1 year 0.00% 0.00% 0.00%
  House Units
Previous month sales 55 13
Stock on market previous month 103 76
Stock variance vs. last year 3.00% 13.43%
Average days on market 55 138
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Preston investment property listings

Showing 5 of 263 investment properties found in Preston on realestateinvestar.com.au
230 Plenty Rd, PRESTON
$875,000
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HIGH EXPOSURE SHOP / DWELLING NEAR CORNER
For astute occupiers, investors and potential for multi-storey development (STCA), fantastic opportunities to capitalise on this modern shop and dwelling. Prime position near the corner Bell St and Plenty Rd. Easy access with tram stop at its doorstep, 550m to Bell train station, walking distance ...
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 3  2  4
House
VIC 3072
388 Murray Rd, PRESTON
$385,000
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VISIT OUR DISPLAY APARTMENT AT MURRAY ROAD
OVER 75% SOLD BUY NOW AND SECURE STAMP DUTY SAVINGS ONE OF THE VERY FEW APARTMENT DEVELOPMENTS WITH GAS APPLIANCES & GAS HOT WATER. - Spacious, stylish apartments up to 135sqm - 9km from CBD - Sensational city skyline views (South facing apartments) - Stunning central landscaped garden oasis ...
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 2  2  1
Unit
VIC 3072
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8/2A Hawker Ave, PRESTON
$240,000
property pic
A Sparkling Apartment
This first floor apartment is definitely the perfect step into the property market or a sound investment property. Situated in Preston on the Plenty Road 86 Tram line, access to universities (La Trobe/RMIT), and the CBD are at your doorstep. Being refurbished the apartment immediately grabs you ...
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 1  1  1
Unit
VIC 3072
22/14 Hodson St, Preston
$435,000
property pic
A Statement In Style, Space & Substance...
Bathed in natural light and striking with its grand proportions, this magnificent elevated 2 bedroom corner apartment has all the contemporary elements to create a wonderful home, in this premier street and tightly held secure development named Hodson Manor. Beautifully finished and enjoying a ...
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Unit
VIC 3072
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1/5 McDonald St, Preston
$360,000
property pic
ENTRY-LEVEL EXCELLENCE!
An ideal investment opportunity or affordable first home, this spacious front villa (one of only four) presents an instantly enjoyable lifestyle of quality and convenience. Complete with its own lock-up garage via private driveway, the home's generous interior comprises two double bedrooms (both ...
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Unit
VIC 3072
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