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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 $1,050,000 and this has changed -4.55% over the past year and changed 0.00% over 2 years.

The median rent in Preston for houses is $600 per week and the median rental yield is 2.97%. Stock on the market for houses/townhouses has changed -3.31% compared to last year and the average time to sell a house/townhouse is 61 days.The median listing price for units is $470,000 and this has changed 6.81% over the past year. The average unit takes 107 days to sell and the median rent for a unit in Preston is $450 per week, producing a rental yield of 4.97%.

Supply & Demand in Preston, Darebin

0.89%

Current vacancy rate


155

Rental stock available


32,851

Population


34.51%

Rental population


0.92%

Current vacancy rate


610

Rental stock available


146,723

Population


33.59%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


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

Statistical data for Preston, Darebin

  House Townhouses Units
Median listing price $1,050,000 $690,000 $470,000
Median price change - last quarter -4.55% -0.65% 5.55%
Median price change - 1 year -4.55% -1.43% 6.81%
Median price change - 2 years 0.00% -1.43% 4.44%
  House Townhouses Units
Median weekly rent $600 $600 $450
Median yield % 2.97% 4.52% 4.97%
Median rent change - 1 year 0.84% 3.44% 2.27%
  House Units
Previous month sales 37 30
Stock on market previous month 117 141
Stock variance vs. last year -3.31% 12.80%
Average days on market 61 107

Preston investment property listings

Showing 2 of 2 investment properties found in Preston on realestateinvestar.com.au

26 Grandview Rd, Preston

$1,300,000

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Four bedrooms, deco bones, endless possibility

Rich in Art Deco character and beautifully preserved, this home combines classic detail with a flexible, family-focused layout. Decorative ceilings and a timber-panelled entry create a memorable introduction, leading to a generous living and adjoining dining room, which could just as easily ...

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House

VIC 3072


B223/16-20 Albert St, Preston

$299,000

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AS NEW STORAGE UNIT

- Storage unit of 55sqm with excellent accessibility, perfectly situated in the heart of Preston only 10km from Melbourne CBD, the property provides outstanding connectivity to main arterials, including the future North/East Link and the Western Ring Road - Affordable entry level pricing for Self ...

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Commercial

VIC 3072


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