Carnes Hill vs Prestons

Prestons (median $1,222,000) is roughly 15% cheaper to buy into than Carnes Hill ($1,432,000).

Buying in Carnes Hill or Prestons?

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Selling in Carnes Hill? The free selling guide

Carnes Hill and Prestons side by side

MeasureCarnes HillPrestons
Price and market
Median house$1,432,000$1,222,000
Median unit$377,280$837,500
House price change, 12 months+11.1%+11.1%
Renting
House rent$815/wk$740/wk
Unit rent–$540/wk
Owner occupied80.0%78.0%
Renter occupied17.0%18.0%
Schools
Schools nearby2020
Average ICSEA1017981
Lifestyle and people
Walk score8022
Transit score200
Bike score100100
Population3,33215,694
Median age3234
Climate
Annual rainfall726 mm726 mm
Mean max, January29.6°C29.6°C

Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.

Which suits whom

Carnes Hill scores higher on walkability (80/100 vs 22/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Carnes Hill (1017) sits above Prestons (981).

For buyers
Prestons is the lower entry point at $1,222,000 median, 15% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Prestons offers the higher gross rental yield (3.15% vs 2.96%), favouring cash-flow investors.
For families
Carnes Hill edges out on average school ICSEA (1017 vs 981).

Carnes Hill vs Prestons: common questions

Is Carnes Hill or Prestons cheaper to buy in?

Prestons has the lower median house price at $1,222,000, roughly 15% below Carnes Hill ($1,432,000). The gap on units is usually similar but worth checking on the full suburb profiles.

Does Carnes Hill or Prestons have better schools?

On average school ICSEA (the ACARA index that benchmarks educational advantage), Carnes Hill scores 1017 vs 981 in Prestons. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.

Which is more walkable, Carnes Hill or Prestons?

Carnes Hill scores 80/100 on walkability vs 22/100. Above 70 is considered very walkable (most errands on foot), 50-69 is walkable for some errands, below 50 typically requires a car for daily life.

Which suburb has higher rental yield, Carnes Hill or Prestons?

Gross rental yield on houses is 3.15% in Prestons vs 2.96% in Carnes Hill. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.