Auction Times
Sat 22 Feb | Auction Time | Agency | |
|---|---|---|---|
 | 1/19 Enfield Avenue 2 2 1 Townhouse | 11:00 AM Sat 22nd Feb | Nelson Alexander Real Estate |
 | 2/30 Ovando Street 2 1 1 Townhouse | 11:00 AM Sat 22nd Feb | Barry Plant |
 | 3 Kendall Street 4 2 1 House | 11:00 AM Sat 22nd Feb | Brace Real Estate |
 | G10/388 Murray Road 2 2 1 Apartment | 12:00 PM Sat 22nd Feb | Ray White Preston |
 | 1/9 Adams Street 2 1 1 Unit | 12:00 PM Sat 22nd Feb | Nelson Alexander Real Estate |
 | 45 Victoria Street 3 1 1 House | 12:00 PM Sat 22nd Feb | Barry Plant |
 | 23/45-47 James Street 2 1 2 Apartment | 12:30 PM Sat 22nd Feb | Nelson Alexander Real Estate |
 | 3b Stone Street 3 2 2 Townhouse | 1:00 PM Sat 22nd Feb | Nelson Alexander Real Estate |
Sun 23 Feb | Auction Time | Agency | |
|---|---|---|---|
 | 131 Gower Street 3 1 2 House | 12:00 PM Sun 23rd Feb | Harcourts |
Sat 29 Feb | Auction Time | Agency | |
|---|---|---|---|
 | 32 Asling Street 3 1 1 House | 11:00 AM Sat 29th Feb | Brace Real Estate |
 | 6 Shakespeare Avenue 4 2 2 House | 11:00 AM Sat 29th Feb | Barry Plant |
 | 447 Gilbert Road 2 1 2 House | 11:00 AM Sat 29th Feb | Spencer Woods Real Estate |
 | 1/80 Jensen Road 2 1 1 Townhouse | 12:00 PM Sat 29th Feb | Barry Plant |
 | 7 Sapphire Street 3 1 3 House | 12:00 PM Sat 29th Feb | Ray White Preston |
 | 20 Hodson Street 2 1 1 House | 12:30 PM Sat 29th Feb | Nelson Alexander Real Estate |
 | 23 Enfield Avenue 2 1 1 House | 12:30 PM Sat 29th Feb | Jellis Craig – Rosanna |
 | 31 Beatrice Street 3 1 2 House | 1:00 PM Sat 29th Feb | Barry Plant |
 | 1/20 Sinnott Street 2 1 2 Unit | 1:00 PM Sat 29th Feb | Ray White Preston |
 | 38 Gordon Grove 3 2 1 House | 1:30 PM Sat 29th Feb | Flannagan Peressini and Shaw |
| 38 Gordon Grove 0 0 0 Residential land | 1:30 PM Sat 29th Feb | Flannagan Peressini and Shaw |
 | 37 Kathleen Street 3 1 1 House | 2:00 PM Sat 29th Feb | Nelson Alexander Real Estate |
 | 46 Carlisle Street 2 1 0 House | 2:30 PM Sat 29th Feb | Barry Plant |
Median Sale Price
House
$935K
Updated on Jan 2020
2 BR $845K | 3 BR $920K | 4 BR $1.09M |
Unit
$486K
Updated on Jan 2020
1 BR $338K | 2 BR $495K | 3 BR $691K |
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 | $945,000 | -2.8% | $605,000 | $1,460,000 | 9 |
Median Sale Price
$971K
Based on 237 recorded sales within the last 12 months
Updated on 19 Feb 2020
Suburb Growth
-2.1%
Current Median Price: $971,000
Previous Median Price: $991,600
Based on 458 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Jan 2020)
Price Range Segments (12 months ending Jan 2020)
Median Weekly Rent Price
House
$480
Updated on Jan 2020
2 BR $430 | 3 BR $490 | 4 BR $585 |
Unit
$410
Updated on Jan 2020
1 BR $350 | 2 BR $420 | 3 BR $500 | 4 BR $663 |
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 | 473 |
| 2017 | $480 | +10.4% | $250 | $2,477 | 454 |
| 2018 | $480 | 0.0% | $290 | $860 | 442 |
| 2019 | $500 | +4.0% | $150 | $895 | 379 |
| 2020 | $530 | +5.7% | $450 | $850 | 14 |
Median Rent Price
$500
per week
Based on 337 recorded rent within the last 12 months
Updated on 19 Feb 2020
Rent Price Growth
+3.0%
Current Median Rent: $500
Previous Median Rent: $485
Based on 755 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.7%
Current Median Price: $971,000
Current Median rent: $500
Based on 574 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Jan 2020)
Auction Results For Preston
Houses sold in Last 12 months ends 15 Feb 2020
$956K
Median Sale Price
82%
Clearance Rate
207/253
Sold/Reported
$1.75M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $1.6 M - $1.8 M | 2 | |
| $1.4 M - $1.6 M | 11 | |
| $1.2 M - $1.4 M | 33 | |
| $1 M - $1.2 M | 35 | |
| $800 K - $1 M (Median Price Range) | 43 | |
| $600 K - $800 K | 41 | |
| $400 K - $600 K | 1 | |
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 |