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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

N/A, PRESTON

$1,699,000

property pic
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4

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3

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2

Townhouse

VIC 3072


N/A, PRESTON

$1,260,000

property pic
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3

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2

rei

1

Townhouse

VIC 3072


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