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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

4 Olver St, Preston

$1,500,000

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Contemporary Excellence in the Heart of Preston

A striking statement in contemporary design, these four-bedroom residences currently under construction deliver the perfect balance of architectural edge and everyday functionality in one of Preston's most sought-after pockets. Defined by a bold façade of white brick, curved architectural ...

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Townhouse

VIC 3072


72 Rene St, Preston

$0

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Elegant, Expansive And Exceptionally Entertaining

There are houses that accommodate a family. And then there are homes that become the luxurious backdrop to everything. The movie nights, the Sunday lunches that stretch into evening, the kids who never want to leave even after they're grown. This is undeniably the latter. From the moment the ...

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House

VIC 3072


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