Auction Times
Sat 6 Jun | Auction Time | Agency | |
|---|---|---|---|
 | 42 Tyler Street 3 1 2 House | 11:00 AM Sat 6th Jun | Ray White Preston |
 | 4 Fitzroy Street 3 1 1 House | 11:00 AM Sat 6th Jun | Harcourts |
 | 6 Graham Court 3 2 3 House | 2:00 PM Sat 6th Jun | Ray White Preston |
Median Sale Price
House
$971K
Updated on Mar 2020
2 BR $859K | 3 BR $950K | 4 BR $1.11M |
Unit
$501K
Updated on Mar 2020
1 BR $335K | 2 BR $515K | 3 BR $688K |
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 | $1,047,000 | +7.3% | $502,000 | $1,725,000 | 78 |
Median Sale Price
$1.04M
Based on 249 recorded sales within the last 12 months
Updated on 26 May 2020
Suburb Growth
+9.7%
Current Median Price: $1,035,795
Previous Median Price: $935,000
Based on 440 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Apr 2020)
Price Range Segments (12 months ending Apr 2020)
Median Weekly Rent Price
House
$500
Updated on Apr 2020
2 BR $440 | 3 BR $500 | 4 BR $630 |
Unit
$410
Updated on Apr 2020
1 BR $350 | 2 BR $420 | 3 BR $500 | 4 BR $651 |
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 | 381 |
| 2020 | $530 | +5.7% | $320 | $1,250 | 108 |
Median Rent Price
$500
per week
Based on 326 recorded rent within the last 12 months
Updated on 26 May 2020
Rent Price Growth
+2.0%
Current Median Rent: $500
Previous Median Rent: $490
Based on 735 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.5%
Current Median Price: $1,035,795
Current Median rent: $500
Based on 575 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Apr 2020)
Auction Results For Preston
Houses sold in Last 12 months ends 23 May 2020
$1.1M
Median Sale Price
85%
Clearance Rate
193/229
Sold/Reported
$1.75M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $1.6 M - $1.8 M | 3 | |
| $1.4 M - $1.6 M | 11 | |
| $1.2 M - $1.4 M | 41 | |
| $1 M - $1.2 M (Median Price Range) | 35 | |
| $800 K - $1 M | 38 | |
| $600 K - $800 K | 26 | |
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 |