Auction Times
Sat 3 Dec | Auction Time | Agency | |
|---|---|---|---|
 | 108 Albert Street 2 1 1 Townhouse | 2:00 PM Sat 3rd Dec | Ray White Preston |
Median Sale Price
House
-
Updated on Oct 2022
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2022
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 | $655,500 | +12.7% | $285,000 | $2,415,000 | 415 |
| 2014 | $695,000 | +5.7% | $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 | 341 |
| 2022 | $1,175,000 | -6.0% | $425,000 | $2,320,000 | 242 |
Median Sale Price
$1.18M
Based on 278 recorded sales within the last 12 months
Updated on 2 Dec 2022
Suburb Growth
-2.3%
Current Median Price: $1,180,000
Previous Median Price: $1,207,000
Based on 608 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Nov 2022)
Price Range Segments (12 months ending Nov 2022)
Median Weekly Rent Price
House
-
Updated on Oct 2022
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2022
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 | 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 | 458 |
| 2018 | $480 | 0.0% | $290 | $860 | 447 |
| 2019 | $500 | +4.0% | $150 | $895 | 390 |
| 2020 | $500 | 0.0% | $250 | $1,250 | 372 |
| 2021 | $500 | 0.0% | $330 | $2,477 | 384 |
| 2022 | $510 | +2.0% | $310 | $1,350 | 365 |
Median Rent Price
$510
per week
Based on 388 recorded rent within the last 12 months
Updated on 2 Dec 2022
Rent Price Growth
+2.0%
Current Median Rent: $510
Previous Median Rent: $500
Based on 781 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.2%
Current Median Price: $1,180,000
Current Median rent: $510
Based on 666 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Nov 2022)
Auction Results For Preston
Houses sold in Last 12 months ends 26 Nov 2022
$1.15M
Median Sale Price
76%
Clearance Rate
199/264
Sold/Reported
$2.18M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $2 M - $3 M | 1 | |
| $1.8 M - $2 M | 4 | |
| $1.6 M - $1.8 M | 5 | |
| $1.4 M - $1.6 M | 21 | |
| $1.2 M - $1.4 M | 41 | |
| $1 M - $1.2 M (Median Price Range) | 51 | |
| $800 K - $1 M | 39 | |
| $600 K - $800 K | 9 | |
| $400 K - $600 K | 2 | |
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 |