Median Sale Price
House
-
Updated on Oct 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $545,000 | 0.0% | $180,000 | $2,230,000 | 281 |
| 2010 | $625,000 | +12.8% | $255,000 | $2,350,000 | 306 |
| 2011 | $610,250 | -2.4% | $357,000 | $4,300,000 | 270 |
| 2012 | $572,500 | -6.6% | $189,000 | $1,500,000 | 278 |
| 2013 | $656,000 | +12.7% | $285,000 | $2,415,000 | 415 |
| 2014 | $695,000 | +5.6% | $385,000 | $1,370,000 | 344 |
| 2015 | $790,000 | +12.0% | $340,000 | $2,400,000 | 305 |
| 2016 | $880,000 | +10.2% | $375,000 | $3,350,000 | 289 |
| 2017 | $1,000,500 | +12.0% | $1,000 | $3,000,000 | 251 |
| 2018 | $995,000 | -0.6% | $457,000 | $3,600,000 | 223 |
| 2019 | $971,000 | -2.5% | $1,155 | $3,120,000 | 239 |
| 2020 | $1,035,795 | +6.3% | $502,000 | $1,837,500 | 209 |
| 2021 | $1,246,000 | +16.9% | $593,000 | $2,600,000 | 343 |
| 2022 | $1,170,000 | -6.5% | $425,000 | $2,320,000 | 267 |
| 2023 | $1,185,000 | +1.3% | $430,000 | $3,090,000 | 298 |
| 2024 | $1,210,000 | +2.1% | $690,000 | $2,707,500 | 311 |
Median Sale Price
$1.22M
Based on 314 recorded sales within the last 12 months
Updated on 22 Dec 2024
Suburb Growth
+2.5%
Current Median Price: $1,215,000
Previous Median Price: $1,185,000
Based on 609 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Nov 2024)
Price Range Segments (12 months ending Nov 2024)
Median Weekly Rent Price
House
-
Updated on Oct 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $390 | 0.0% | $185 | $3,930 | 323 |
| 2012 | $380 | -2.6% | $210 | $800 | 389 |
| 2013 | $400 | +5.0% | $230 | $720 | 343 |
| 2014 | $400 | 0.0% | $240 | $800 | 311 |
| 2015 | $420 | +4.8% | $245 | $800 | 507 |
| 2016 | $430 | +2.3% | $235 | $850 | 474 |
| 2017 | $480 | +10.4% | $250 | $2,477 | 458 |
| 2018 | $485 | +1.0% | $290 | $860 | 447 |
| 2019 | $500 | +3.0% | $150 | $895 | 390 |
| 2020 | $500 | 0.0% | $250 | $1,250 | 372 |
| 2021 | $500 | 0.0% | $330 | $2,477 | 384 |
| 2022 | $530 | +5.7% | $310 | $1,350 | 431 |
| 2023 | $600 | +11.7% | $300 | $1,150 | 328 |
| 2024 | $650 | +7.7% | $280 | $3,034 | 286 |
Median Rent Price
$650
per week
Based on 292 recorded rent within the last 12 months
Updated on 22 Dec 2024
Rent Price Growth
+7.7%
Current Median Rent: $650
Previous Median Rent: $600
Based on 618 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.8%
Current Median Price: $1,215,000
Current Median rent: $650
Based on 606 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Nov 2024)
Auction Results For Preston
Houses sold in Last 12 months ends 21 Dec 2024
$1.27M
Median Sale Price
67%
Clearance Rate
130/196
Sold/Reported
$2.71M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $2 M - $3 M | 3 | |
| $1.8 M - $2 M | 3 | |
| $1.6 M - $1.8 M | 8 | |
| $1.4 M - $1.6 M | 15 | |
| $1.2 M - $1.4 M (Median Price Range) | 22 | |
| $1 M - $1.2 M | 28 | |
| $800 K - $1 M | 11 | |
Similar Suburbs to Preston 3072
Based on median house sale price sold in last 12 months
Schools closest to Preston, VIC 3072
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Sacred Heart Primary School | 1 CLIFTON GVEPreston 3072 | Primary | Catholic | 0.69 km |
| Preston West Primary SchoolTop 50 | 383 MURRAY ROADPreston 3072 | Primary | Government | 0.74 km |
| St John's Greek Orthodox CollegeTop 100 | 21-27 RAILWAY PLPreston 3072 | Combined | Independent | 1.02 km |
| Preston South Primary School | 56B HOTHAM STREETPreston 3072 | Primary | Government | 1.07 km |
| Preston Primary School | 240 TYLER STREETPreston 3072 | Primary | Government | 1.14 km |
| St Raphael's Primary School | COOPER STPreston 3072 | Primary | Catholic | 1.13 km |
| Charles La Trobe P-12 College The Pavilion Campus – Preston East | Preston 3072 | Combined | Government | 1.26 km |
| Bell Primary School | 78A OAKOVER ROADPreston 3072 | Primary | Government | 1.53 km |
| Holy Name School | 12 ROBB STReservoir 3073 | Primary | Catholic | 1.61 km |
| Thornbury Primary School | HUTTON STREETThornbury 3071 | Primary | Government | 1.91 km |