Prestons is a well-established suburb in New South Wales within the Liverpool local government area (postcode 2170). With a population of 15,694, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $120K per year, with an average household size of 3.6 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Australian, English, Indian.
The median house price in Prestons is $1.2 million, having increased 2.8% over the past year. Units have a median price of $910,000 (+11.7% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,200.
Prestons is served by 5 schools, including 3 primary, 2 combined. The average ICSEA score is 1053, which is above the national average of 1,000. Public transport access includes 73 bus stops. The crime rate in the Liverpool LGA is below average at 3,121 incidents per 100,000 population.
From an investment perspective, Prestons offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 10.3x is considered stretched. House prices have moved +2.8% year-on-year.
Prestons is a well-established suburb in New South Wales within the Liverpool local government area (postcode 2170). With a population of 15,694, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $120K per year, with an average household size of 3.6 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Australian, English, Indian.
The median house price in Prestons is $1.2 million, having increased 2.8% over the past year. Units have a median price of $910,000 (+11.7% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,200.
Prestons is served by 5 schools, including 3 primary, 2 combined. The average ICSEA score is 1053, which is above the national average of 1,000. Public transport access includes 73 bus stops. The crime rate in the Liverpool LGA is below average at 3,121 incidents per 100,000 population.
From an investment perspective, Prestons offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 10.3x is considered stretched. House prices have moved +2.8% year-on-year.