Auction Times
Wed 27 Jan | Auction Time | Agency | |
|---|---|---|---|
 | 85/93-103 High Street 2 2 1 Apartment | 6:30 PM Wed 27th Jan | Hocking Stuart |
Sat 30 Jan | Auction Time | Agency | |
|---|---|---|---|
 | 2/11 Symons Street 2 1 2 Unit | 10:00 AM Sat 30th Jan | Ray White Preston |
 | 402/388 Murray Road 2 2 1 Apartment | 12:00 PM Sat 30th Jan | Ray White Preston |
Median Sale Price
House
$1.03M
Updated on Dec 2020
2 BR $978K | 3 BR $990K | 4 BR $1.25M |
Unit
$538K
Updated on Dec 2020
1 BR $350K | 2 BR $550K | 3 BR $723K |
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 | $621,000 | +12.2% | $255,000 | $2,350,000 | 306 |
| 2011 | $610,250 | -1.8% | $357,000 | $4,300,000 | 270 |
| 2012 | $572,500 | -6.6% | $189,000 | $1,500,000 | 278 |
| 2013 | $655,000 | +12.6% | $285,000 | $2,415,000 | 415 |
| 2014 | $695,000 | +5.8% | $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 | $1,000,000 | -0.1% | $457,000 | $3,600,000 | 223 |
| 2019 | $971,000 | -3.0% | $1,155 | $3,120,000 | 238 |
| 2020 | $1,050,000 | +7.5% | $502,000 | $1,725,000 | 208 |
| 2021 | $1,185,000 | +11.4% | $1,185,000 | $1,185,000 | 2 |
Median Sale Price
$1.05M
Based on 206 recorded sales within the last 12 months
Updated on 22 Jan 2021
Suburb Growth
+6.2%
Current Median Price: $1,050,000
Previous Median Price: $985,000
Based on 445 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Dec 2020)
Price Range Segments (12 months ending Dec 2020)
Median Weekly Rent Price
House
$500
Updated on Dec 2020
2 BR $438 | 3 BR $500 | 4 BR $645 |
Unit
$400
Updated on Dec 2020
1 BR $340 | 2 BR $410 | 3 BR $510 | 4 BR $700 |
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 | 388 |
| 2013 | $400 | +5.0% | $230 | $720 | 342 |
| 2014 | $400 | 0.0% | $240 | $800 | 310 |
| 2015 | $420 | +4.8% | $245 | $800 | 507 |
| 2016 | $430 | +2.3% | $235 | $850 | 474 |
| 2017 | $480 | +10.4% | $250 | $2,477 | 455 |
| 2018 | $480 | 0.0% | $290 | $860 | 443 |
| 2019 | $500 | +4.0% | $150 | $895 | 383 |
| 2020 | $500 | 0.0% | $250 | $1,250 | 363 |
| 2021 | - | - | - | - | - |
Median Rent Price
$500
per week
Based on 348 recorded rent within the last 12 months
Updated on 22 Jan 2021
Rent Price Growth
0.0%
Current Median Rent: $500
Previous Median Rent: $500
Based on 720 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.5%
Current Median Price: $1,050,000
Current Median rent: $500
Based on 554 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Dec 2020)
Auction Results For Preston
Houses sold in Last 12 months ends 16 Jan 2021
$1.05M
Median Sale Price
83%
Clearance Rate
105/127
Sold/Reported
$1.73M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $1.6 M - $1.8 M | 1 | |
| $1.4 M - $1.6 M | 5 | |
| $1.2 M - $1.4 M | 15 | |
| $1 M - $1.2 M (Median Price Range) | 25 | |
| $800 K - $1 M | 29 | |
| $600 K - $800 K | 9 | |
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 |