Preston is a large suburb in Victoria within the Darebin local government area (postcode 3072). With a population of 33,790, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $96K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Italian.
The median house price in Preston is $1.2 million, having increased 3.5% over the past year. Units have a median price of $610,000 (+6% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $2,000.
Preston is served by 11 schools, including 6 primary, 2 secondary, 2 combined, 1 special. The average ICSEA score is 1098, which is above the national average of 1,000. Public transport access includes 7 rail stations, 199 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Darebin LGA is higher than average at 10,706 incidents per 100,000 population.
From an investment perspective, Preston offers a gross rental yield of 2.2%, rated as low yield. Property prices are above the state median ($1.2M/$875K), placing it in the premium segment. The price-to-income ratio of 12.4x is considered stretched. House prices have moved +3.5% year-on-year.
Preston is a large suburb in Victoria within the Darebin local government area (postcode 3072). With a population of 33,790, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $96K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Italian.
The median house price in Preston is $1.2 million, having increased 3.5% over the past year. Units have a median price of $610,000 (+6% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $2,000.
Preston is served by 11 schools, including 6 primary, 2 secondary, 2 combined, 1 special. The average ICSEA score is 1098, which is above the national average of 1,000. Public transport access includes 7 rail stations, 199 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Darebin LGA is higher than average at 10,706 incidents per 100,000 population.
From an investment perspective, Preston offers a gross rental yield of 2.2%, rated as low yield. Property prices are above the state median ($1.2M/$875K), placing it in the premium segment. The price-to-income ratio of 12.4x is considered stretched. House prices have moved +3.5% year-on-year.