Auction Times
Sat 2 Jul | Auction Time | Agency | |
|---|---|---|---|
 | 702/1 High Street 1 1 1 Apartment | 10:30 AM Sat 2nd Jul | Hockingstuart |
 | 40 Scotia Street 3 2 2 Townhouse | 11:00 AM Sat 2nd Jul | Nelson Alexander Real Estate |
 | 1 Eleanor Street 3 1 2 House | 11:00 AM Sat 2nd Jul | Brace Real Estate |
 | 32 Wood Street 3 1 2 House | 12:00 PM Sat 2nd Jul | Barry Plant |
 | 5/427-431 Murray Road 2 1 1 Unit | 12:00 PM Sat 2nd Jul | Nelson Alexander Real Estate |
 | 17B Dalgety Street 2 2 1 House | 12:00 PM Sat 2nd Jul | Ray White |
 | 2 Livingstone Parade 3 2 2 House | 1:00 PM Sat 2nd Jul | Barry Plant |
Sat 9 Jul | Auction Time | Agency | |
|---|---|---|---|
 | 2/2 Burkitt Court 3 1 1 Unit | 10:30 AM Sat 9th Jul | Harcourts Manningham |
 | 39B Goldsmith Avenue 3 2 2 House | 11:00 AM Sat 9th Jul | Whiting & Co Real Estate |
 | 12-14 Sheffield Street 6 3 2 House | 11:00 AM Sat 9th Jul | Ray White Preston |
 | 16 Cooper Street 4 2 4 House | 1:00 PM Sat 9th Jul | Brace Real Estate |
 | 204b/8 Clinch Avenue 3 2 2 Apartment | 1:00 PM Sat 9th Jul | Ray White Preston |
Median Sale Price
House
$1.23M
Updated on May 2022
2 BR $1.16M | 3 BR $1.2M | 4 BR $1.41M |
Unit
$630K
Updated on May 2022
1 BR $401K | 2 BR $612K | 3 BR $890K |
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 | $1,240,000 | +16.5% | $593,000 | $2,600,000 | 340 |
| 2022 | $1,202,000 | -3.2% | $720,000 | $2,320,000 | 135 |
Median Sale Price
$1.26M
Based on 314 recorded sales within the last 12 months
Updated on 30 Jun 2022
Suburb Growth
+9.0%
Current Median Price: $1,255,000
Previous Median Price: $1,142,000
Based on 577 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending May 2022)
Price Range Segments (12 months ending May 2022)
Median Weekly Rent Price
House
$500
Updated on May 2022
2 BR $440 | 3 BR $510 | 4 BR $600 |
Unit
$390
Updated on May 2022
1 BR $320 | 2 BR $390 | 3 BR $520 | 4 BR $650 |
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 | 457 |
| 2018 | $480 | 0.0% | $290 | $860 | 447 |
| 2019 | $500 | +4.0% | $150 | $895 | 388 |
| 2020 | $500 | 0.0% | $250 | $1,250 | 371 |
| 2021 | $500 | 0.0% | $330 | $2,477 | 383 |
| 2022 | $525 | +4.8% | $310 | $850 | 189 |
Median Rent Price
$510
per week
Based on 369 recorded rent within the last 12 months
Updated on 30 Jun 2022
Rent Price Growth
+2.0%
Current Median Rent: $510
Previous Median Rent: $500
Based on 762 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.1%
Current Median Price: $1,255,000
Current Median rent: $510
Based on 683 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending May 2022)
Auction Results For Preston
Houses sold in Last 12 months ends 25 Jun 2022
$1.2M
Median Sale Price
83%
Clearance Rate
214/260
Sold/Reported
$2.6M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $2 M - $3 M | 1 | |
| $1.8 M - $2 M | 5 | |
| $1.6 M - $1.8 M | 6 | |
| $1.4 M - $1.6 M | 33 | |
| $1.2 M - $1.4 M (Median Price Range) | 47 | |
| $1 M - $1.2 M | 48 | |
| $800 K - $1 M | 35 | |
| $600 K - $800 K | 8 | |
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 |