micromarkets

Preston, VIC 3072

Property data updated July 202633,790 residents

Last 12 months snapshot

909 sales · 1,160 leases · Refreshed July 2026

Preston property market

Preston's busiest market is unit rentals, but only just, with 734 leases (down 5.7%) at $565 a week (up 7.6%) as of July 2026, renting out in about 18 days (up from 16 days last year), among the country's most in-demand unit rental markets, mostly 2-bedroom (around 60%).

Unit sales sit just behind, with 520 sales (down 1.3%) at around $629k (up 2.9%), taking about 27 days to sell (up from 26 days last year), mostly 2-bedroom (around 60%). Rounding it out, 426 house rentals at $705 a week (up 7.6%), one of the most sought-after house rental markets in the country. 389 house sales at around $1.198M (up 2.8%).

House covers houses, duplexes, semi-detached and terraces; Unit covers apartments, units, townhouses and villas.

Census · ABS 2021

Preston demographics & population

Population

33,790

Median age

37yrs

Avg household

2.4people

Male · Female

49% · 51%

Owner-occupied

Renting

Lone person

Couples, no kids

Born overseas

Year 12+ⓘ

Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing and Socio-Economic Indexes for Areas (SEIFA) 2021 · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.

The full Preston report

Unlock the full report

Detailed, institutional-grade analysis — well beyond the usual suburb snapshot.

InsideWho lives here · What homes cost to buy & rent · How fast homes are selling · How much is for sale or rent · How it compares to nearby suburbs · Schools nearby

One-off

This report

$49once

The complete Preston report
30 days of live access
Download as a PDF
Months of supply needs the add-on

Best valueMembership

Full access

from$149/mo

Unlimited suburb reports
Near real-time + 5-year data
50+ dual-metric map views
Demand cycle + market velocity

View plans

Already a member? Sign in

Census · ABS 2021

Who lives in Preston?

The age structure, household make-up, and cultural fabric of the people who call this suburb home.

Age & sex24,017 residentsMaleFemale

Share of all residents by 5-year band · hover a band for the count + split

Life stage

50%

Children0–1450%Youth15–2450%Young adults25–3450%Midlife35–5450%Mature55–6450%Seniors65+50%

Household composition

50%

Lone person50%Couples, no kids50%Families with kids50%Other families50%Group / share50%

1.7 people / household0.8 persons / bedroom50% are 5+ person

Household sizepersons per dwelling

50%1

50%2

50%3

50%4

50%5

50%6+

Cultural make-upshare of residents · diversity = odds two differ

Born overseas50%

Other language at home50%

Limited English50%

Both parents overseas50%

Australian citizens50%

Birthplace diversity40%

Chance two random residents were born in different countries

Language diversity51%

Chance two random residents speak different languages at home

Religious diversity39%

Chance two random residents follow different religions

Where residents were borntop birthplaces

Afghanistan50%

Australia50%

Bangladesh50%

Bosnia & Herzegovina50%

Brazil50%

Cambodia50%

Canada50%

Chile50%

Languages at hometop languages

English only50%

Afrikaans50%

Arabic50%

Australian Indigenous50%

Cantonese50%

Mandarin50%

Other Chinese50%

Croatian50%

Ancestry% reporting · multi-response

Australian50%

Aboriginal/Torres Strait Islander50%

Chinese50%

Croatian50%

Dutch50%

English50%

Faith & belieftap Christianity

No religion50%

Christianity50%

Islam50%

Buddhism50%

Hinduism50%

Judaism50%

Other religions50%

Family originsparents’ birthplace

50%

Both parents overseas50%One parent overseas50%Both parents in Australia50%

A strongly multicultural community with deep migrant heritage.

When migrants arrivedshare of overseas-born

Before 198150%

1981-200050%

2001-201050%

2011-201550%

2016-202150%

2020–21 understated — COVID border closures.

Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.

Census · ABS 2021

Housing & affordability in Preston

What it costs to live here, who owns versus rents, and the shape of the housing stock.

Affordability at a glance

LowMedianHighPercentile

Median weekly rentTop 41%

Median monthly mortgageBottom 37%

Rent stress (rent ÷ income)Top 50%

Mortgage stress (repay ÷ income)Top 50%

High mortgage (≥$3k/mo)Top 50%

Social housingTop 50%

Unoccupied on census nightTop 50%

Large dwellings (4+ bed)Top 50%

This suburb Typical range (middle 50%) Median suburb

Bedrooms per dwellingshare of dwellings

50%0

50%1

50%2

50%3

50%4

50%5

50%6+

Who owns vs rentsoccupied dwellings

50%

Owned outright50%Mortgage50%Renting50%Other50%

What’s built heredwelling types

50%

House50%Townhouse50%Apartment50%Other50%

50% separate houses50% apartments50% high-rise

Census · ABS 2021

Income & employment in Preston

Incomes, employment, and the occupation mix of the people who live here.

Income & work at a glance

LowMedianHighPercentile

Median personal incomeTop 48%

Median family incomeTop 46%

Managers & professionalsTop 50%

High earners (≥$2k/wk)Top 50%

This suburb Typical range (middle 50%) Median suburb

Occupations

LowMedianHighPercentile

Managers & professionalsTop 50%

Clerical & adminTop 50%

Community & personal serviceTop 50%

Sales workersTop 50%

Technicians, trades & labourersTop 50%

Household incomeheight = share of households · weekly

Personal incomeheight = share of residents 15+ · weekly

A typical household pulls in about 2.2× the typical individual — a multi-earner area.

Labour forceemployment status · residents 15+

50%

Employed full-time50%Employed part-time50%Employed (away/other)50%Unemployed50%Not in labour force50%

LowMedianHighPercentile

Full-time workersTop 50%

Part-time workersTop 50%

Unemployment rateTop 50%

Not in labour forceTop 50%

Labour-force participationTop 50%

This suburb Typical range (middle 50%) Median suburb

Census · ABS 2021

Getting around Preston

How people get to work, and how car-dependent the suburb is — the clearest tell of inner-urban versus outer-suburban living.

Transport at a glance

LowMedianHighPercentile

Public transport to workTop 50%

Walked or cycled to workTop 50%

Worked from homeTop 50%

No motor vehicleTop 50%

Vehicles per dwellingBottom 14%

This suburb Typical range (middle 50%) Median suburb

Journey to workamong commuters · top modes

Car (driver)50%

Car (passenger)50%

Train50%

Bus50%

Tram/light rail50%

Ferry50%

Walked50%

Vehicles per dwellingshare of households

50%0

50%1

50%2

50%3

50%4+

Education · ACARA My School 2025

Schools in and around Preston

13 schools inside Preston, plus the closest options around it. Families can choose from 113 primary schools in Preston and its surrounds, and 40 high schools covering the secondary years. Distances are straight-line from the suburb centre and are not enrolment catchments — always confirm zones with the school.

Within Preston13schools in the suburb itself

Primary schools113within 5 km · nearest in suburb

Secondary schools40within 5 km · nearest in suburb

Median ICSEA rank50thenrolment-weighted

What is ICSEA Rank?

ICSEA is ACARA’s official measure of a school’s socio-educational advantage — based mainly on parents’ education and occupation, plus the school’s location and student mix.

Nearby within150 schools

Within Preston · 13Order by
1
Preston High SchoolGovernment · Secondary · Co-ed · Years 7-12 · Within suburb
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
2
Preston South Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Within suburb
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
3
Preston West Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Within suburb
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
4
Preston Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Within suburb
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
5
St Raphael's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Within suburb
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
6
Newlands Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Within suburb
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
7
Sacred Heart SchoolCatholic · Primary · Co-ed · Years Prep-6 · Within suburb
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
8
St John's College PrestonIndependent · Combined · Co-ed · Years Prep-12 · Within suburb
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
9
Bell Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Within suburb
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
10
Northern College of the Arts and TechnologyGovernment · Secondary · Co-ed · Years 10-12 · Within suburb
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
11
Preston North East Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Within suburb
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
12
East Preston Islamic CollegeIndependent · Combined · Co-ed · Years Prep-12 · Within suburb
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
13
Yarra Me SchoolGovernment · Special · Within suburb
State Rank—English—Maths—Students—Multilingual—ICSEA Rank—
Nearby · within 5 km · 137
14
Northcote High SchoolGovernment · Secondary · Co-ed · Years 7-12 · Northcote · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
15
Ivanhoe Girls' Grammar SchoolIndependent · Combined · Co-ed · Years Prep-12 · Ivanhoe · 2.7 km
State RankP Top 50%S Top 50%EnglishP S MathsP S Students301Multilingual50%ICSEA Rank50th
16
Ivanhoe Grammar SchoolIndependent · Combined · Co-ed · Years Prep-12 · Ivanhoe · 2.7 km
State RankP Top 50%S Top 50%EnglishP S MathsP S Students301Multilingual50%ICSEA Rank50th
17
Alphington Grammar SchoolIndependent · Combined · Co-ed · Years Prep-12 · Alphington · 2.7 km
State RankP Top 50%S Top 50%EnglishP S MathsP S Students301Multilingual50%ICSEA Rank50th
18
Our Lady of Mercy CollegeCatholic · Secondary · Co-ed · Years 7-12 · Heidelberg · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
19
Princes Hill Secondary CollegeGovernment · Secondary · Co-ed · Years 7-12 · Princes Hill · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
20
Northside Christian CollegeIndependent · Combined · Co-ed · Years Prep-12 · Bundoora · 2.7 km
State RankP Top 50%S Top 50%EnglishP S MathsP S Students301Multilingual50%ICSEA Rank50th
21
Viewbank CollegeGovernment · Secondary · Co-ed · Years 7-12 · Viewbank · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
22
University High SchoolGovernment · Secondary · Co-ed · Years 7-12 · Parkville · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
23
Kew High SchoolGovernment · Secondary · Co-ed · Years 7-12 · Kew East · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
24
Wales Street Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Thornbury · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
25
St Bernard's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Coburg · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
26
St Bernadette's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Ivanhoe · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
27
Coburg Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Coburg · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
28
St Paul's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Coburg · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
29
Brunswick East Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Brunswick East · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
30
Westgarth Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Northcote · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
31
Our Lady of the Way SchoolCatholic · Primary · Co-ed · Years Prep-6 · Kingsbury · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
32
St Margaret Mary's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Brunswick North · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
33
Fairfield Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Fairfield · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
34
Ivanhoe Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Ivanhoe · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
35
Merri Creek Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Fitzroy North · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
36
Mary Immaculate SchoolCatholic · Primary · Co-ed · Years Prep-6 · Ivanhoe · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
37
St Anthony's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Alphington · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
38
Our Lady Help of Christians SchoolCatholic · Primary · Co-ed · Years Prep-6 · Brunswick East · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
39
St Fidelis' SchoolCatholic · Primary · Co-ed · Years Prep-6 · Moreland · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual1%ICSEA Rank50th
40
Spensley Street Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Clifton Hill · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
41
Alphington Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Alphington · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
42
Brunswick South Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Brunswick East · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
43
Coburg West Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Coburg · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
44
Heidelberg Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Heidelberg · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
45
St John's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Heidelberg · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
46
Fitzroy Community SchoolIndependent · Primary · Co-ed · Years Prep-6 · Fitzroy North · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
47
Clifton Hill Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Clifton Hill · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
48
St Oliver Plunkett's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Pascoe Vale · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
49
Ivanhoe East Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Ivanhoe East · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
50
Rosanna Golf Links Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Rosanna · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
51
Pascoe Vale Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Pascoe Vale · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
52
St Martin of Tours SchoolCatholic · Primary · Co-ed · Years Prep-6 · Rosanna · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
53
Banyule Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Rosanna · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
54
Carlton North Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Carlton North · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
55
Pascoe Vale South Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Pascoe Vale South · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
56
St Damian's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Bundoora · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
57
Thomastown East Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Thomastown · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
58
Kew East Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Kew East · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
59
St Vincent de Paul's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Strathmore · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
60
Viewbank Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Viewbank · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
61
Abbotsford Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Abbotsford · 2.7 km
State RankTop 50%EnglishMathsStudents301Multilingual50%ICSEA Rank50th
62
Penders Grove Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Thornbury · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
63
Holy Name SchoolCatholic · Primary · Co-ed · Years Prep-6 · Reservoir · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
64
St Mary's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Thornbury · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
65
Thornbury Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Thornbury · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
66
Holy Spirit SchoolCatholic · Primary · Co-ed · Years Prep-6 · Thornbury · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
67
Thornbury High SchoolGovernment · Secondary · Co-ed · Years 7-12 · Thornbury · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
68
Reservoir West Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Reservoir · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
69
Reservoir East Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Reservoir · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
70
St Gabriel's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Reservoir · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
71
Coburg Special Developmental SchoolGovernment · Special · Co-ed · Years U · Coburg · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
72
Virtual School VictoriaGovernment · Combined · Co-ed · Years Prep-12 · Thornbury · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
73
Reservoir High SchoolGovernment · Secondary · Co-ed · Years 7-12 · Reservoir · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
74
Coburg High SchoolGovernment · Secondary · Co-ed · Years 7-12 · Coburg · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
75
Croxton SchoolGovernment · Special · Co-ed · Years U · Northcote · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
76
Santa Maria CollegeCatholic · Secondary · Co-ed · Years 7-12 · Northcote · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
77
Waratah Special Developmental SchoolGovernment · Special · Co-ed · Years U · Bellfield · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
78
Reservoir Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Reservoir · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
79
Northcote Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Northcote · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
80
Islamic College of SportIndependent · Secondary · Co-ed · Years 11-12 · Coburg · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
81
St Pius X SchoolCatholic · Primary · Co-ed · Years Prep-6 · Heidelberg West · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
82
Australian International Academy of EducationIndependent · Combined · Co-ed · Years Prep-12 · Coburg · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
83
St Joseph's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Northcote · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
84
Kingsbury Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Kingsbury · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
85
Merri-bek Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Coburg · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
86
Mercy CollegeCatholic · Secondary · Co-ed · Years 7-12 · Coburg · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
87
Fawkner Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Fawkner · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
88
Reservoir Views Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Reservoir · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
89
Maharishi School of the Age of EnlightenmentIndependent · Primary · Co-ed · Years Prep-6 · Reservoir · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
90
St Joseph the Worker SchoolCatholic · Primary · Co-ed · Years Prep-6 · Reservoir · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
91
Deutsche Schule MelbourneIndependent · Primary · Co-ed · Years Prep-6 · Fitzroy North · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
92
St Mark's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Fawkner · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
93
Preston Reservoir Adult Community Education - Prace College campusIndependent · Special · Co-ed · Years 8 · Reservoir · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
94
Charles La Trobe P-12 CollegeGovernment · Combined · Co-ed · Years Prep-12 · Macleod West · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
95
Coburg North Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Coburg · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
96
Rosanna Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Rosanna · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
97
Northern School For AutismGovernment · Special · Co-ed · Years U · Reservoir · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
98
William Ruthven Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Reservoir · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
99
Fitzroy High SchoolGovernment · Secondary · Co-ed · Years 7-12 · Fitzroy North · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
100
Darul Ulum College of VictoriaIndependent · Combined · Co-ed · Years Prep-12 · Fawkner · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
101
William Ruthven Secondary CollegeGovernment · Secondary · Co-ed · Years 7-12 · Reservoir · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
102
Sydney Road Community SchoolGovernment · Secondary · Co-ed · Years 7-12 · Brunswick · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
103
Fitzroy North Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Fitzroy North · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
104
John Fawkner Secondary CollegeGovernment · Secondary · Co-ed · Years 7-12 · Fawkner · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
105
Mastery Schools VictoriaIndependent · Special · Co-ed · Years 4-9 · Bundoora · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
106
Brunswick Secondary CollegeGovernment · Secondary · Co-ed · Years 7-12 · Brunswick · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
107
Princes Hill Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Carlton North · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
108
Antonine CollegeCatholic · Combined · Co-ed · Years Prep-12 · Pascoe Vale South · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
109
Pascoe Vale North Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Pascoe Vale · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
110
Brunswick North Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Brunswick West · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
111
Brunswick North West Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Brunswick West · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
112
St Matthew's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Fawkner · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
113
Macleod CollegeGovernment · Combined · Co-ed · Years Prep-12 · Macleod · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
114
St Joseph's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Brunswick West · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
115
Norris Bank Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Bundoora · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
116
Bundoora Secondary CollegeGovernment · Secondary · Co-ed · Years 7-12 · Bundoora · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
117
Moomba Park Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Fawkner · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
118
Bundoora Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Bundoora · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
119
Brunswick South West Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Brunswick West · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
120
Thomastown Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Thomastown · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
121
St Thomas More's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Hadfield · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
122
Sophia Mundi Steiner SchoolIndependent · Combined · Co-ed · Years Prep-12 · Abbotsford · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
123
Thomastown Meadows Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Thomastown · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
124
St Joseph's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Collingwood · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
125
Fitzroy Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Fitzroy · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
126
Moonee Ponds Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Moonee Ponds · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
127
Westbreen Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Pascoe Vale · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
128
Pascoe Vale Girls Secondary CollegeGovernment · Secondary · Co-ed · Years 7-12 · Pascoe Vale · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
129
Carlton Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Carlton · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
130
Collingwood CollegeGovernment · Combined · Co-ed · Years Prep-12 · Collingwood · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
131
Thomastown Secondary CollegeGovernment · Secondary · Co-ed · Years 7-12 · Thomastown · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
132
Thomastown West Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Thomastown · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
133
Giant Steps MelbourneIndependent · Primary · Co-ed · Years U · Kew · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
134
Strathmore Secondary CollegeGovernment · Secondary · Co-ed · Years 7-12 · Strathmore · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
135
St Anne's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Kew East · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
136
Sacred Heart SchoolCatholic · Primary · Co-ed · Years Prep-6 · Fitzroy · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
137
St Clare's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Thomastown · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
138
Belle Vue Park Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Glenroy · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
139
Kew Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Kew · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
140
Concord SchoolGovernment · Special · Co-ed · Years U · Bundoora · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
141
Carlton Gardens Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Carlton · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
142
Academy of Mary ImmaculateCatholic · Secondary · Co-ed · Years 7-12 · Fitzroy · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
143
Andale SchoolIndependent · Special · Co-ed · Years U · Kew · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
144
St John XXIII Primary SchoolCatholic · Primary · Co-ed · Years Prep-6 · Thomastown · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
145
Collingwood English Language SchoolGovernment · Special · Co-ed · Years Prep-12 · Collingwood · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
146
Marcellin CollegeCatholic · Secondary · Co-ed · Years 7-12 · Bulleen · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
147
St Monica's Primary SchoolCatholic · Primary · Co-ed · Years Prep-6 · Moonee Ponds · 2.7 km
State Rank—English—Maths—Students301Multilingual50%ICSEA Rank50th
148
Austin Hospital SchoolGovernment · Special · Heidelberg · 2.7 km
State Rank—English—Maths—Students—Multilingual—ICSEA Rank—
149
Victorian School Of LanguagesGovernment · Combined · Collingwood · 2.7 km
State Rank—English—Maths—Students—Multilingual—ICSEA Rank—
150
Parkville CollegeGovernment · Special · Parkville · 2.7 km
State Rank—English—Maths—Students—Multilingual—ICSEA Rank—

Why are some State Rank and star ratings blank? Schools can choose not to publish their results. In practice, schools that score well above their state average almost always publish theirs — so a blank rating more often reflects a school opting out than a top result being hidden. Academic results also tend to rise with ICSEA Rank, so higher-ICSEA schools more often carry a strong State Rank as well.

School profile and ICSEA data sourced from ACARA — © Australian Curriculum, Assessment and Reporting Authority (data year 2025) · State Rank & star columns are Micromarkets-compiled academic ratings from publicly available school results · Distances are straight-line from the suburb centre, not catchments.

Census · ABS 2021

Turnover

How settled or transient the community is — and where newcomers came from.

Settledness at a glance

LowMedianHighPercentile

Settled 5+ yearsTop 50%

Moved in past yearTop 50%

Arrived from overseas (5 yr)Top 50%

This suburb Typical range (middle 50%) Median suburb

Where residents lived 5 years agoof those who stated

50%

Same address50%Moved within area50%From elsewhere in Australia50%From overseas50%

Residential paceshare of residents

Moved in the past year50%

Moved in the past 5 years50%

Arrived from overseas (5 yr)50%

Property market

Market snapshot

Preston median house price & rent

Headline price, rent, yield and time on market for Preston — choose a property type and size below.

Active segment

Houses

Units

Median priceⓘLast 12 months

744kk

↑ +50.0% YoY

Days on marketⓘLast 12 months

↓ 1 day YoY

SoldⓘLast 12 months

130

↑ +0.5% YoY

Months of supplyⓘLast 12 months

1.1mo

Median rentⓘLast 12 months

$457/w

↑ +50.0% YoY

Days to leaseⓘLast 12 months

↑ 1 day YoY

LeasedⓘLast 12 months

184

↑ +0.5% YoY

Gross yieldⓘLast 12 months

3.28%

Annualised

Data confidenceSales sample124StrongLease sample200Strong

Segment breakdown

House & unit prices by bedroom

Every segment this suburb tracks — sales and rentals side by side, ranked by total activity over the last twelve months.

Demand percentile 0–100 · last 12 months12-mo change

Segment

Sold

Price

DOM

Leased

Rent

DOM

Yield

SalesRent

Houses · 2 bed124 sales · 200 leases

130+0.5%

$744k+0.5%

20 days+1d

184+0.5%

$457/wk+50.0%

10 days−1d

3.28%

50/100

Houses · 3 bed124 sales · 200 leases

130+50.0%

$744k+50.0%

20 days+1d

184+50.0%

$457/wk+50.0%

10 days−1d

3.28%

50/100

Houses · 4 bed124 sales · 200 leases

130+50.0%

$744k+0.5%

20 days+1d

184+50.0%

$457/wk+50.0%

10 days−1d

3.28%

50/100

Units · 1 bed124 sales · 200 leases

130+0.5%

$744k+0.5%

20 days+1d

184+0.5%

$457/wk+50.0%

10 days−1d

3.28%

50/100

Units · 2 bed124 sales · 200 leases

130+50.0%

$744k+50.0%

20 days+1d

184+0.5%

$457/wk+50.0%

10 days−1d

3.28%

50/100

Units · 3 bed124 sales · 200 leases

130+0.5%

$744k+0.5%

20 days+1d

184+50.0%

$457/wk+50.0%

10 days−1d

3.28%

50/100

All houses

130+0.5%

$744k+50.0%

20 days+1d

184+50.0%

$457/wk+50.0%

10 days−1d

3.28%

50/100

All units

130+0.5%

$744k+50.0%

20 days+1d

184+0.5%

$457/wk+50.0%

10 days−1d

3.28%

50/100

Where each segment ranks

Preston property growth

Where each segment sits against its peers in the chosen geography — past the midline means it's outperforming the rest.

Metric

Ranked against

Market demandHow fast this market is moving — a velocity index built from trailing-year transaction volume and median days on market. Strong volume lifts the score; days on market drags it down, with the drag growing sharply once listings start lingering. Ranked against peers in the chosen geography.

Houses

4/4above median

02550 · MEDIAN75100

Percentile vs VIC

Value

Units

4/4above median

02550 · MEDIAN75100

Percentile vs VIC

Value

The buy-versus-rent equation

Buying vs renting in Preston

What it costs each week to own a property versus renting the same one — positive means buying carries the premium, negative means rent covers the mortgage.

Property

Compare to

Units · 1 bed: +1%

Houses · 2 bed: +50%

Houses · 3 bed: +50%

Houses · 4 bed: +50%

Houses · Total: +50%

Units · 2 bed: +50%

Units · 3 bed: +50%

Units · Total: +50%

VIC MEDIAN · +38%

Rent covers itRenting matches or beats the cost of owning−10% to 0%

BalancedMortgage roughly matches asking rent+30% to +60%

Far pricier to ownBuying costs much more than renting+100% to +130%+

BreakdownLast 12 months

Holding cost

Mortgage

Rent

Premium

Band

Units · 1 bed130 sales184 leases

−$333/wk

$790/wk

$457/wk

+1%

Rent-covered

Houses · 2 bed130 sales184 leases

−$333/wk

$790/wk

$457/wk

+50%

Typical premium

Houses · 3 bed130 sales184 leases

−$333/wk

$790/wk

$457/wk

+50%

Typical premium

Houses · 4 bed130 sales184 leases

−$333/wk

$790/wk

$457/wk

+50%

Typical premium

Units · 2 bed130 sales184 leases

−$333/wk

$790/wk

$457/wk

+50%

Typical premium

Units · 3 bed130 sales184 leases

−$333/wk

$790/wk

$457/wk

+50%

Typical premium

Assumes 80% LVR6.0% rate30y P&I

Premium = (weekly mortgage − weekly rent) ÷ weekly rent. Band thresholds are national breakpoints across ~11,400 eligible Australian segments — the Typical premium band spans national P25 to P75, so it’s literally what’s typical.

Market data

How strong is demand, and which way is it heading?

Two questions on one chart — how strong demand is right now, and which way it's heading year-on-year.

Side

View

Property

Bedrooms

Radius

Compared against

Sales market velocity

5 nearby suburbs · 10km · Total unit · sales

rising

DOM change YoYis demand rising or falling?

falling

median

Recoveryweak but rising

Boomstrong and rising

Troughweak and falling

Peakstrong but easing

Nearby suburb

Demand index

95 / 100vs VIC

Days on market

21 days0 days YoY

Median price

$397k▲ +5.1% YoY

Sold (last year)

147▲ +8.9% YoY

Nearby suburb

Demand index

53 / 100vs VIC

Days on market

24 days0 days YoY

Median price

$486k▼ −2.7% YoY

Sold (last year)

32▼ −45.2% YoY

Nearby suburb

Demand index

14 / 100vs VIC

Days on market

32 days▲ +6 days YoY

Median price

$590k▼ −10.0% YoY

Sold (last year)

14▼ −12.5% YoY

Nearby suburb

Demand index

99 / 100vs VIC

Days on market

17 days0 days YoY

Median price

$415k▲ +1.8% YoY

Sold (last year)

378▼ −4.0% YoY

Nearby suburb

Demand index

92 / 100vs VIC

Days on market

20 days▲ +1 day YoY

Median price

$511k▲ +2.0% YoY

Sold (last year)

237▲ +6.0% YoY

Preston · this suburb

Demand index

97 / 100vs VIC

Days on market

20 days▲ +1 day YoY

Median price

$744k▲ +50.0% YoY

Sold (last year)

130▲ +0.5% YoY

weakSales market velocityhow strong sales demand isstrong

This suburb Neighbouring suburbs · coloured by market phaseHover a point for its figures

Sales market velocity

How strong is sales demand — and is it rising or falling?

What this shows

Each dot is one of this suburb's property segments on the sales side. Left-right shows how strong sales demand is — combining how many properties sold in the last 12 months with how quickly they sold (median days on market). Top-bottom shows whether that demand is rising or falling compared to 12 months ago.

The two axes

Sales market velocityX axis

how strong sales demand is

A composite of 12-month sales volume and median days on market. Higher means more sales completed faster — stronger sales demand right now.

Days on market change (Year-on-year)Y axis

is demand rising or falling?

How much faster (or slower) sales are completing compared to 12 months ago. Top half means sales are completing faster than a year ago (demand growing).

Market data

Preston against the neighbourhood

Eight diagnostic views cutting the data a different way each time — Preston in blue, peers in colour.

Pair

View

Property

Bedrooms

Radius

How fast — and is it getting faster?

4 peer suburbs · 10km · Total unit

faster

DOM change YoYvs 12 months ago

slower

median

Recoveringquiet but accelerating

Boomingbusy and accelerating

Stalledquiet and slowing further

Coolingbusy but slowing

Nearby suburb

Demand index

46 / 100vs Australia

Days on market

21 days0 days YoY

Median price

$397k▲ +5.1% YoY

Sold (last year)

147▲ +8.9% YoY

Gross yield

2.48%

Nearby suburb

Demand index

44 / 100vs Australia

Days on market

24 days0 days YoY

Median price

$486k▼ −2.7% YoY

Sold (last year)

32▼ −45.2% YoY

Gross yield

3.50%

Nearby suburb

Demand index

56 / 100vs Australia

Days on market

17 days0 days YoY

Median price

$415k▲ +1.8% YoY

Sold (last year)

378▼ −4.0% YoY

Gross yield

3.52%

Nearby suburb

Demand index

49 / 100vs Australia

Days on market

20 days▲ +1 day YoY

Median price

$511k▲ +2.0% YoY

Sold (last year)

237▲ +6.0% YoY

Gross yield

3.27%

Preston · this suburb

Demand index

50 / 100vs Australia

Days on market

20 days▲ +1 day YoY

Median price

$744k▲ +50.0% YoY

Sold (last year)

130▲ +0.5% YoY

Gross yield

3.28%

slowDays on marketmedian days to sellfast

This suburb Neighbouring suburbs · coloured by market phaseHover a point for its figures

How much is available right now?

Housing supply & months of stock

How long current listings would take to clear at the recent rate of sales or leases. Critical shortage and Oversupply only fire at the genuine tails of the national distribution — sales tip in under 0.7 months, rentals far faster, under 0.3.

View

Hide thin-sample rows

Sales market

Band	Months of supply left	YoY	Listed	Sold	Per month
Severe shortage	1.1	▼ -0.8	12	130	10.8
Balanced	2.7	▲ +2.0	29	130	10.8
Slightly loose	3.4	▼ -0.1	37	130	10.8
Loose	4.0	▲ +2.0	43	130	10.8
Loose	5.3	▲ +4.1	57	130	10.8
Loose	5.5	▲ +3.8	60	130	10.8
Loose	5.6	▲ +4.4	61	130	10.8
Loose	6.6	▲ +4.1	72	130	10.8

median

Rental market

Band	Months of supply left	YoY	Listed	Leased	Per month
Tight	0.4	▼ -0.6	6	184	15.3
Tight	0.5	▼ -0.7	8	184	15.3
National typical	0.7	▼ -0.3	11	184	15.3
Loose	1.3	▼ -0.7	20	184	15.3
Loose	1.5	▼ -0.5	23	184	15.3
Oversupply	2.0	▲ +0.6	31	184	15.3
Oversupply	2.1	▲ +0.6	32	184	15.3
Oversupply	2.5	▲ +1.7	38	184	15.3

median

Severe

Very Tight

Tight

Balanced

Loose

Very Loose

Saturated

Under-suppliedOver-supplied

Market data

Who's transacting — buyers or tenants?

Out of every property transaction in this suburb, what share are sales versus leases — each point a rolling twelve-month window.

Property

Preston — Units & Houses, all bedrooms

Jul 2021 – Jun 2026 · each point = a 12-month window

Sales · buyer transactions

Leases · tenant transactions

Five-year arc

Preston median house price & rent history

Each tape traces one metric across sixty months for the selected segment — every point a trailing twelve-month figure, matching the headline KPIs above.

Five-year summaryAs of Jun 2026, the median house sale price in Preston rose from $797k (Jul 2021) to $893k (Jun 2026) — +12.1% growth over five years — peaking at $1.06M between Dec 2020 and Nov 2021. Median house rent went from $269/wk to $590/wk (+119.3%) over the same period. For units, the median sale price fell from $386k to $363k (−5.9%), with rent up from $194/wk to $453/wk (+133.5%) over the same period.

Property

Bedrooms

Median price (trailing year)

Jun 2026

$893k-10.1%

5y median $810kvs last year $993k

Total sales (trailing year)

Jun 2026

287-12.5%

5y median 255vs last year 328

Days on market (trailing year)

Jun 2026

23 days-2

5y median 31 daysvs last year 25 days

Median rent (trailing year)

Jun 2026

$590/wk+23.7%

5y median $403/wkvs last year $477/wk

Total leases (trailing year)

Jun 2026

220-18.8%

5y median 336vs last year 271

Days on market (rental) (trailing year)

Jun 2026

16 days+3

5y median 13 daysvs last year 13 days

Gross yield (trailing year)

Jun 2026

1.75%-0.74 pt

5y median 1.76%vs last year 2.49%

Months of supply

Jun 2026

1.8 months+45.1%

5y median 1.8 monthsvs last year 1.2 months

Months of supply (rental)

Jun 2026

1.1 months+13.8%

5y median 1.1 monthsvs last year 1.0 months

Nearby markets

Suburbs near Preston: prices compared

The nearest suburbs to Preston, ranked by distance — each lined up against Preston on the same measures, so the differences jump out at a glance.

Market

Property

Bedrooms

Radius

Colour by

This marketPrestonVIC 3072 · Units · Total

Price$744k

DOM20 days

Sold130

5 markets within 5kmLast 12 months

ThornburyVIC 30711.2kmUnits · Total

Price$397k

DOM21 days

Sold147

much cheapersimilar speed

Heidelberg WestVIC 30811.9kmUnits · Total

BellfieldVIC 30812.3kmUnits · Total

ReservoirVIC 30732.7kmUnits · Total

NorthcoteVIC 30702.7kmUnits · Total

Price$511k

DOM20 days

Sold237

much cheapersimilar speed

Stat colourHow each suburb's stat compares to Preston

Much lowerLowerSimilarHigherMuch higher

Similar markets

Suburbs like Preston

Suburbs anywhere in VIC that behave like Preston — matched on price, growth, selling speed and demand, not on distance. A shortlist of markets that move the same way — including ones far away you'd never think to compare. (Want the suburbs right next door instead? See Nearby markets above.)

Preston vs Coburg: the closest sales-market match trades at a median of $358k against Preston's $744k — about 52% lower, with homes selling in 18 days versus 20 days here.

Colour by

Property

Bedrooms

Market

This marketPrestonVIC 3072Units · Total

Price$744k

DOM20 days

Sold130

Most similar sales markets · within 2.1–31 kmLast 12 months

CoburgVIC 30582km76% match

Price$358k

DOM18 days

Sold173

RingwoodVIC 313416km77% match

Price$339k

DOM22 days

Sold163

NorthcoteVIC 30702km68% match

Price$528k

DOM18 days

Sold152

Narre WarrenVIC 380531km60% match

Price$546k

DOM15 days

Sold63

MalvernVIC 31448km53% match

Price$526k

DOM19 days

Sold90

Stat colourHow each suburb's stat compares to Preston

Much lowerLowerSimilarHigherMuch higher

Comparable sales markets to Preston: Coburg property market, Ringwood property market, Northcote, VIC property market, Narre Warren (VIC 3805) and Malvern median house price.

Preston's closest rental-market twins: Northcote median house price, Coburg property growth, Ringwood property growth, Malvern median house price and Narre Warren, VIC property market. Each link opens that suburb's full market report.

Market data

Frequently asked · Preston

26 data-driven answers about Preston's property market — every one computed from the metrics above.

What things cost

Prices, rent, yield, ownership cost

What is the median house price in Preston?

The median house price in Preston, VIC 3072 is $744k as of June 2026, based on 124 sales over the past 12 months. Houses there have moved +50.0% year-on-year. Prices vary by bedroom count, from compact two-bedroom homes to larger four-bedroom houses. See the bedroom-level breakdown below for 2-, 3- and 4-bedroom medians.

What is the median unit price in Preston?

The median unit price in Preston, VIC 3072 is $744k as of June 2026, based on 124 sales over the past 12 months. Units have moved +50.0% year-on-year and currently trade at roughly 100% of the median house price.

How much does it cost to rent in Preston?

The median weekly house rent in Preston is $457 as of June 2026, drawn from 200 leases over the past 12 months. Units rent for around $457 per week. House rents have moved +50.0% year-on-year. Current vacancy pressure is shown in the supply section above.

How much is rent for a 3 bedroom house in Preston?

A 3 bedroom house in Preston rents for a median $457 per week as of June 2026, drawn from 200 leases over the past 12 months. Across other house sizes: 2-bedroom $457/week, 4-bedroom $457/week. Unit rents: 1-bedroom $457/week, 2-bedroom $457/week, 3-bedroom $457/week. Figures cover only segments with enough recent leases to be statistically meaningful; sparse segments are excluded. The segment breakdown covers rent, yield and days on market for every property type and bedroom count.

What is the gross rental yield in Preston?

Gross rental yield in Preston is 3.28% for houses and 3.28% for units as of June 2026, compared with the VIC unit median of 3.08%. Gross yield is annual rent divided by purchase price — it doesn't account for ownership costs like council rates, strata, maintenance or vacancy.

How much is a 3 bedroom house in Preston?

As of June 2026, Preston medians by bedroom count:

How much is a 3 bedroom house in Preston?
Property	1 bed	2 bed	3 bed	4 bed	Total
Houses	—	$744k	$744k	$744k	$744k
Units	$744k	$744k	$744k	—	$744k

Figures cover only segments with enough recent transactions to be statistically meaningful; sparse segments are excluded.

What does it cost to own versus rent at the Preston median?

At the median Preston house ($744k purchase, $457/week rent), weekly mortgage repayments sit at roughly $790 — about $333 more per week than renting. That gap is the ownership premium. For the median unit ($744k purchase, $457/week rent), repayments run about $790 per week. Figures assume 80% LVR, a 6.0% interest rate and a 30-year principal-and-interest loan.

How the market is moving

Speed, supply, growth, cycle phase

What are Preston's property market trends?

Preston's property market trends to June 2026: house prices rose +50.0% year-on-year and units +50.0%; weekly house rents moved +50.0%; homes now sell in a median 20 days — slower than a year ago by 1; sales supply sits at 5.3 months (very loose). Read together — price, rent, selling speed and supply — they show which way the Preston market is leaning. The 5-year tape and demand cycle charts above plot the full trajectory.

What does the data say about Preston as an investment?

As of June 2026 in Preston, house prices rose +50.0% over the year, gross rental yield is 3.28% against a VIC median of 2.02%, houses take a median 20 days to sell, sales supply is 5.3 months (very loose). Capital growth, rental yield, selling speed and supply are the signals investors weigh — but these figures describe the market, not a recommendation. This is data, not financial advice; always do your own research and consider a licensed adviser.

How quickly do houses sell in Preston?

Houses in Preston sell in a median 20 days on market as of June 2026, with units clearing slightly similarly at 20 days. Days on market have lengthened by 1 days versus a year ago. Faster clearance typically coincides with stronger buyer demand and lower supply.

Is Preston a tight or loose property market right now?

Preston's sales market sits at 5.3 months of supply for houses as of June 2026 — classified as Very Loose against the Australian distribution. Under 1.7 months is Severe (extreme shortage); over 4.5 months is Loose. The rental side is tighter still at 0.4 months of supply.

Have property prices in Preston gone up or down?

House prices in Preston moved +50.0% over the 12 months to June 2026, while units moved +50.0%. The 5-year tape above plots the full monthly trajectory — showing where the market changed character rather than just crossing round numbers.

How active is the rental market in Preston?

Preston's house rental market sits at 0.4 months of supply as of June 2026 — classified as Severe (extreme shortage), with 184 houses leased over the past 12 months. Units sit at 2.0 months. Tighter supply typically corresponds to faster letting and upward pressure on rents.

Where is Preston in its property market cycle?

Preston's house market is currently in the 'in_demand_easing' phase as of June 2026 — combining above-median sales velocity nationally with year-on-year loosening in days on market. The demand cycle chart above plots all eight segments on the same demand-versus-direction axes.

How it compares

Vs state, vs nearby, vs popular

How does Preston compare to other VIC suburbs?

Preston's median house price ($744k) is 23% above the VIC median ($603k) as of June 2026. On selling speed, houses clear in 20 days vs 20 days state median. On gross yield, Preston sits at 3.28% vs 2.02% state median.

How does Preston compare to neighbouring suburbs?

Preston's most-similar nearby market is Brunswick West (5.0 km away) with a median house price of $720k — about 3% cheaper. The Nearby and Similar markets sections above rank every peer within radius and by composite similarity across price, days on market, yield, ownership cost and cycle phase.

What's the most popular property type in Preston?

The most-transacted segment in Preston over the 12 months to June 2026 is 2 bed houses with 130 sales. 3 bed houses come second at 130 sales. The buying-versus-renting section above breaks down the top segments with weekly mortgage, rent and ownership-cost detail.

How many properties were sold and leased in Preston last year?

Preston recorded 130 house sales and 130 unit sales over the 12 months to June 2026 — a combined 260 transactions. On the rental side, 184 houses and 184 units were leased. Segments with statistically thin samples are excluded from displayed figures.

About the area

Population, income, who lives here, schools

What postcode is Preston in?

Preston is in postcode 3072, in the North East Melbourne region of VIC. Addresses there are written as Preston, VIC 3072.

What is the population of Preston?

Preston, VIC 3072 is home to 24,017 residents (ABS Census 2021). The median resident age is 26, and the average household holds 1.7 people. The "Who lives here" section above breaks the community down by age, life stage and tenure.

What is the median household income in Preston?

The median household in Preston earns $1k per week — roughly $62k a year (ABS Census 2021). Median personal income runs $542/week. Income, rent-to-income and mortgage-to-income context sits in the "Who lives here" section above.

What is the unemployment rate in Preston?

The unemployment rate in Preston is 50.0% (ABS Census 2021). That sits right around the median for Australian suburbs. The rate counts people who are working or actively looking for work — not a share of all residents. Workforce participation sits at 50%. The local economy section above covers incomes, employment status and the occupation mix.

Do people own or rent in Preston?

Preston is mostly owner-occupied: about 100% of households are owner-occupiers and 50% rent (ABS Census 2021). Of owners, 50% own outright and 50% are paying off a mortgage.

What schools are near Preston?

Preston has 150 schools within reach, 13 of them inside the suburb itself — including Preston High School, Sacred Heart School, Preston South Primary School. The Schools section above maps each one with sector, year range, enrolment, Micromarkets-compiled academic ratings and ICSEA (ACARA).

Is Preston a good place to live?

Preston, VIC 3072 has a population of 24,017, a median age of 26, a median household income around $1k/week, 50% of households renting (ABS Census 2021). There are 150 schools within reach. Whether it's the right fit depends on your priorities — these figures describe the community, housing mix and amenity rather than offer a verdict.

About this data

Methodology and update cadence

When was this Preston market data last updated?

This Preston market data was last updated July 2026, covering the 12 months to June 2026. Figures are computed monthly from 12-month rolling windows of recorded sales and leases, with five years of monthly history behind the trend charts. Methodology, glossary and data sources are linked in the footer.