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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 $1,060,000 and this has changed 0.95% over the past year and changed -3.64% over 2 years.

The median rent in Preston for houses is $590 per week and the median rental yield is 2.89%. Stock on the market for houses/townhouses has changed 3.25% compared to last year and the average time to sell a house/townhouse is 71 days.The median listing price for units is $438,500 and this has changed -3.63% over the past year. The average unit takes 171 days to sell and the median rent for a unit in Preston is $440 per week, producing a rental yield of 5.21%.

Supply & Demand in Preston, Darebin

1.01%

Current vacancy rate


172

Rental stock available


32,851

Population


34.51%

Rental population


0.87%

Current vacancy rate


567

Rental stock available


146,723

Population


33.59%

Rental population


0.87%

Current vacancy rate


26,641

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 $1,060,000 $700,000 $438,500
Median price change - last quarter 0.95% 0.71% 1.97%
Median price change - 1 year 0.95% 0.00% -3.63%
Median price change - 2 years -3.64% -2.78% -8.65%
  House Townhouses Units
Median weekly rent $590 $575 $440
Median yield % 2.89% 4.27% 5.21%
Median rent change - 1 year 15.68% 15.00% 14.28%
  House Units
Previous month sales 27 10
Stock on market previous month 127 127
Stock variance vs. last year 3.25% 8.55%
Average days on market 71 171

Preston investment property listings

Showing 5 of 232 investment properties found in Preston on realestateinvestar.com.au

6 Esmond St, Preston

$1,170,000

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Art Deco Elegance in Prime Preston Pocket

In a tranquil neighbourhood, this captivating Art Deco residence is certain to leave a lasting impression with its authentic charm, high-quality upgrades, and generous dimensions offering ample space for potential expansion in the future (STCA). Bathed in natural light, the welcoming interior ...

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House

VIC 3072


106 Gilbert Rd, Preston

$1,100,000

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Timeless Art Deco Elegance Meets Modern Comfort

This appealing Art Deco home seamlessly blends timeless elegance with modern living, creating a uniquely comfortable and stylish residence. With its spacious, light-filled rooms it retains original features such as intricate molded ceilings, picture rails and hardwood timber floors. Warm and ...

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House

VIC 3072


10/223-225 Gower St, Preston

$850,000

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Brand New Exclusive Townhouse Serenity Meets Convenience in Pre

Introducing a brand new, untouched residence within a prestigious Preston enclave, promising a private and luxurious living experience. This townhouse, fresh on the market and awaiting its first inhabitants, exemplifies contemporary elegance and thoughtful design. Welcome home through the generous ...

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Townhouse

VIC 3072


80 Hotham St, Preston

$950,000

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Victorian grace and modern convenience

One in a magnificent row of Victorian terraces, this three bedroom plus study beauty's south of Bell Street location and excellent proximity to Plenty Road and High Street cafes, shopping and trams promises a lifestyle of unsurpassed grace and convenience. Retaining its lace ironwork trimmed ...

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House

VIC 3072


18 Brown St, Preston

$800,000

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Luxury living in an easy to maintain setting!

Architecturally impressive without compromising on liveability and boasting a fabulous street presence thanks to a striking façade, this house blends luxury, functionality and practicality in a location that delivers complete convenience. Beautifully finished, square set cornice to high ceilings, ...

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Townhouse

VIC 3072


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