City of Darebin
Preston South
Preston South 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
100
Walker's paradise
Population
33.8k
Median age 37
About
Welcome to Preston South.
Preston South is a suburb in Victoria.
Side by side
Compare Preston South 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.
Getting around
Walkability.
100
100
100
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Education
Schools in Preston South.
Local schools for Preston South
View the catchment for each school to find out more.
Government School Catchment
Preston South Primary School
Thornbury Primary School
Bell Primary 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 South.
- What is the median house price in Preston South?
- The median house price in Preston South, VIC 3072 is $440,000. The median unit price is $316,800. Annual growth is +0.0%.
- What is the Preston South postcode?
- Preston South is in the 3072 postcode, in VIC, in the City of Darebin region.
- What is the average rent in Preston South?
- The median weekly rent for houses is $392, for units it's $333.
- What schools are in Preston South?
- There are 20 schools serving Preston South on this page, including Preston South Primary School, St Mary's School, St John's College Preston.
- How walkable is Preston South?
- Preston South has a Walk Score of 100 out of 100, very walkable. transit score 100, bike score 100.
- What suburbs are near Preston South?
- Preston South is close to Thornbury, Preston Lower, Preston, Preston West, Sylvester.
- What is the population of Preston South?
- Preston South has approximately 33,790 residents. The median age is 37.
For Sale
Preston South
Guides
Surrounding Suburbs
Side by side
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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 →
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