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 $665,000 and this has changed 10.83% over the past year and changed 3.44% over 2 years.

The median rent in Preston for houses is $420 per week and the median rental yield is 3.28%. Stock on the market for houses/townhouses has changed 2.22% compared to last year and the average time to sell a house/townhouse is 55 days.The median listing price for units is $376,500 and this has changed 1.75% over the past year. The average unit takes 143 days to sell and the median rent for a unit in Preston is $350 per week, producing a rental yield of 4.83%.

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List of suburbs in Darebin
Alphington - Bundoora - Fairfield - Kingsbury - Macleod - Northcote - Preston - Reservoir - Thornbury
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

1.96%

Current vacancy rate

215

Rental stock available

29,925

Population

35.88%

Rental population

2.19%

Current vacancy rate

1,130

Rental stock available

136,474

Population

35.11%

Rental population

1.70%

Current vacancy rate

33,102

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 $665,000 $530,000 $376,500
Median price change - last quarter 0.76% 4.60% 0.00%
Median price change - 1 year 10.83% 7.07% 1.75%
Median price change -2 years 3.44% 1.43% -2.64%
  House Townhouses Units
Median weekly rent $420 $420 $350
Median yield % 3.28% 4.12% 4.83%
Median rent change - 1 year 5.00% 0.00% 6.06%
  House Units
Previous month sales 45 7
Stock on market previous month 92 75
Stock variance vs. last year 2.22% 33.93%
Average days on market 55 143
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More suburbs in the Darebin region
List of suburbs in Darebin
Alphington - Bundoora - Fairfield - Kingsbury - Macleod - Northcote - Preston - Reservoir - Thornbury
More regions in Victoria

Address

40 Commercial Drive, Ashmore, 4214, Qld Phone: 1300 737 782

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