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 3.44% over the past year and changed 5.45% 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 -22.47% compared to last year and the average time to sell a house/townhouse is 56 days.The median listing price for units is $370,000 and this has changed -2.64% over the past year. The average unit takes 125 days to sell and the median rent for a unit in Preston is $330 per week, producing a rental yield of 4.63%.
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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

1.36%

Current vacancy rate

149

Rental stock available

29,925

Population

35.88%

Rental population

1.78%

Current vacancy rate

918

Rental stock available

136,474

Population

35.11%

Rental population

1.68%

Current vacancy rate

32,596

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 $370,000
Median price change - last quarter 0.00% 0.00% -2.64%
Median price change - 1 year 3.44% 1.43% -2.64%
Median price change -2 years 5.45% 8.44% 8.57%
  House Townhouses Units
Median weekly rent $400 $420 $330
Median yield % 3.46% 4.41% 4.63%
Median rent change - 1 year 0.00% 0.00% -2.95%
  House Units
Previous month sales 23 6
Stock on market previous month 69 62
Stock variance vs. last year -22.47% -7.46%
Average days on market 56 125
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Preston investment property listings

Showing 5 of 237 investment properties found in Preston on realestateinvestar.com.au
29 Collins Street, PRESTON
$560,000
property pic
Captivating Character On Collins
Bursting with period charm, this character-filled two bedroom residence has been a labour of love and faithfully renovated. With enticing street appeal, it features a return veranda overlooking an enclosed front garden, lofty ceilings, gorgeous coloured glass entry, original tiled grate open ...
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rei bathroom carspaces
 2  1  1
House
VIC 3072
55/93-103 High St, PRESTON
$390,000
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ICONIC TWO BEDROOM WITH BIG TERRACE
This stunning apartment features two spacious bedrooms (one with BIR, main with full walk through wardrobe, access to bathroom, plus study nook), modern central bathroom, separate w/c, euro laundry, and massive north-facing open plan living/dining and kitchen area with access to outdoor terrace ...
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rei bathroom carspaces
 2  1  1
Unit
VIC 3072
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39 Madeline St, PRESTON
$740,000
property pic
MODERN LUXURY WRAPPED IN PERIOD STYLE
With its extended design and top-quality features throughout, this captivating Californian delivers a ready-to-enjoy lifestyle opportunity with easy access to parks, schools and transport. Immaculate throughout, the home's free-flowing design highlights three generous bedrooms (all with built-in ...
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rei bathroom carspaces
 3  2  2
House
VIC 3072
68 Beauchamp St, PRESTON
$600,000
property pic
CALIFORNIAN CLASSIC WITH ENDLESS POTENTIAL
Benefiting from a previous extension, this distinctive weatherboard period home offers an immediately comfortable lifestyle with exciting opportunities to further enhance and expand (STCA). Current floorplan includes three bedrooms (two with BIRs) and updated central bathroom, light-filled open ...
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rei bathroom carspaces
 3  1  2
House
VIC 3072
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9/525-529 High St, PRESTON
$380,000
property pic
Tranquil Living On High!
Enjoy the street views from your spacious balcony in this elegantly appointed two bedroom (w/BIR) top floor apartment. Special consideration has been given to the design, ensuring primary spaces integrate seamlessly with the balcony area whilst the internal layout follows the core principles of ...
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Unit
VIC 3072
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