City of Darebin
Preston Lower
Preston Lower at a glance
Median house
$440,000
Sales data pending
Median unit
$316,800
Sales data pending
Days on market
–
Average to sell
Walk score
–
Not yet scored
Population
33.8k
Median age 37
About
Welcome to Preston Lower.
Preston Lower is a suburb in Victoria.
Side by side
Compare Preston Lower with a nearby suburb.
Median, growth, schools, walkability, all in one view.
Market
The price of a home here.
Median house price
$440,000
+0.0% over the past year. Median unit price $316,800.
Rental and ownership
Weekly rent (house)
$392/wk
Weekly rent (unit)
$333/wk
Owner occupied
–
Renter occupied
–
At a deeper level
$440,000
Sales data pending
$316,800
Sales data pending
–
Average days to sell
33,790
Median age: 37
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For investors
Investment overview.
Gross Yield (House)
Source: RTBA, Residential Tenancies Bond Authority (VIC)4.63%
Based on $440,000 median
Gross Yield (Unit)
Source: RTBA, Residential Tenancies Bond Authority (VIC)5.47%
Based on $316,800 median
Annual Growth (House)
Source: RTBA, Residential Tenancies Bond Authority (VIC)–
Year-on-year capital growth
Annual Growth (Unit)
Source: RTBA, Residential Tenancies Bond Authority (VIC)–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021–
Higher = more owner-occupier demand
Days on Market
Source: RTBA, Residential Tenancies Bond Authority (VIC)–
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
Who lives here
Demographics.
Population
33,790
Median age
37
Family households
–
Lone person
–
Safety
Crime and safety.
Crime data not available for this suburb.
Place
Location.
Amenities
Transport
Education
Schools in Preston Lower.
Local schools for Preston Lower
View the catchment for each school to find out more.
Government School Catchment
Bell Primary School
Thornbury Primary School
Croxton School
© ACARA, licensed under CC BY 4.0.
Climate
Weather year-round.
Annual Rainfall
639 mm
Hottest Month (avg max)
26.0°C
Coldest Month (avg min)
6.5°C
Monthly Rainfall (mm)
Weather data from BOM station Melbourne (Olympic Park) (65 km away)
Climate data as of May 2026· Bureau of Meteorology
Frequently asked
About Preston Lower.
- What is the median house price in Preston Lower?
- The median house price in Preston Lower, VIC 3072 is $440,000. The median unit price is $316,800. Annual growth is +0.0%.
- What is the Preston Lower postcode?
- Preston Lower is in the 3072 postcode, in VIC, in the City of Darebin region.
- What is the average rent in Preston Lower?
- The median weekly rent for houses is $392, for units it's $333.
- What schools are in Preston Lower?
- There are 20 schools serving Preston Lower on this page, including Bell Primary School, Thornbury Primary School, St John's College Preston.
- What suburbs are near Preston Lower?
- Preston Lower is close to Preston South, Preston West, Gilberton, Thornbury, Coburg.
- What is the population of Preston Lower?
- Preston Lower has approximately 33,790 residents. The median age is 37.
For Sale
Preston Lower
Guides
Surrounding Suburbs
Side by side
Compare Preston Lower vs a nearby suburb
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Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
Always dated
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