Preston, VIC 3072
City of DarebinAll suburbs in postcode 3072
Updated
Median house price
$1,230,000
Median · Land Victoria · the latest published quarter (updated May 2026)
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Get the free selling guide, personalised to Preston, or ask for a free appraisal from a local agent.
Preston at a glance
- Median unit
- $523,800
- Weekly rent
- $675
- Houses · units $550
Prices: Median · Land Victoria · the latest published quarter (updated May 2026) · Rent: Victorian rental report, September 2025
House prices in Preston
Houses change hands at $1,230,000 on a typical sale, above the Victoria median. Units come in around $523,800, roughly 57% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $246,000. Prices sit above the Victoria median, so plan for a stretched deposit and shop carefully on borrowing capacity.
Rental data as of September 2025· Victorian rental report
Free appraisal in Preston
What’s your home worth in Preston?
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What to know about Preston
Preston (3072) sits in the Darebin region of Victoria. The median house here is $1,230,000, above the Victoria median of around $850K.
Day-to-day life here is very walkable, with most errands manageable on foot.
What it’s like to live here
Preston scores 100/100 on walkability, which makes it very walkable with workable public transport options. Coffee, groceries and a meal out are mostly walking-distance, which keeps a household viable on one car.
Summer days here average around 27°C (warm), winter mornings around 6°C (cool). Annual rainfall lands at about 623 mm. Figures are our 1991 to 2020 averages of SILO data for this location (Queensland Government, built from Bureau of Meteorology observations).
Schooling within or near the suburb covers 8 government primary, 3 government secondary, 6 Catholic, 2 independent.
Schools in Preston
Location
Walkability
- Walk
- 100/100
- Transit
- 100/100
- Bike
- 100/100
Walker's paradise. Scores out of 100, calculated from OpenStreetMap data (ODbL).
Walkability data as of May 2026· OpenStreetMap
Demographics
Investment overview
Gross rental yield on houses sits at 2.85% (median rent $675/wk against a $1,230,000 price tag). Units yield 5.46% gross, often the better cash-flow play for first-time investors.
- Gross yield, housesSource: Land Victoria / DTP · May 2026
- 2.85%
- On the $1,230,000 median
- Gross yield, unitsSource: Land Victoria / DTP · May 2026
- 5.46%
- On the $523,800 median
Gross rental yield is a year’s rent divided by the purchase price, before expenses. It leaves out vacancy, management fees, maintenance and financing costs, so treat it as a starting point.
Crime and safety
4,580 offences recorded in 2026
Top offence categories
Source: State Police Open Data
Crime data as of December 2026
Weather year-round
- Annual rainfall
- 623 mm
- Hottest month, avg max
- 27.0°C
- Coldest month, avg min
- 6.3°C
Rainfall by month
Our 1991 to 2020 averages of SILO data (Queensland Government, built from Bureau of Meteorology observations, CC BY 4.0) for this location.
Climate data as of October 2026· SILO (Queensland Government), from Bureau of Meteorology observations
Questions about Preston
- What is the median house price in Preston?
- The median house price in Preston, VIC 3072 is $1,230,000 (Land Victoria's quarterly suburb median, the latest published quarter (updated May 2026)). The median unit price is $523,800.
- How much is my house worth in Preston?
- A useful starting point is the Preston median house price of $1,230,000 (units $523,800). Your home will sit above or below that depending on land size, condition, position and what comparable homes nearby have sold for recently. For a figure specific to your property, request a free property appraisal from a local agent using the form on this page.
- Is Preston a good investment?
- On the published figures, the gross rental yield on houses in Preston is 2.9%: the median weekly house rent is $675 (Victorian rental report, September 2025) against the median house price of $1,230,000 (Land Victoria, the latest published quarter, updated May 2026). No 12-month price change is published for Preston: the Land Victoria figures we hold do not measure one. Whether Preston is a good investment for you depends on the price you pay, your loan and holding costs, vacancy and your tax position. These are published market figures, not financial advice.
- What is the Preston postcode?
- Preston is in the 3072 postcode, in VIC, in the City of Darebin region.
- Where is Preston?
- Preston is a suburb in the City of Darebin area, VIC 3072.
- What is the average rent in Preston?
- The median weekly rent for houses is $675, for units it's $550.
- What schools are in Preston?
- There are 20 schools serving Preston on this page, including Preston High School, Sacred Heart School, Yarra Me School.
- How walkable is Preston?
- Preston has a Walk Score of 100 out of 100, very walkable. transit score 100, bike score 100.
- What suburbs are near Preston?
- Preston is close to Sylvester, Reservoir South, Preston West, Preston South, Regent West.
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Sources. House and unit medians from the NSW Valuer General, Land Victoria, the SA Government and the ABS; rents from the state rental bond authorities. Census from the ABS (2021), climate from the Bureau of Meteorology, hazard from Geoscience Australia, schools from ACARA and crime from state police open data. Each figure carries its source and date. How we source data
How we’re paid. The guides and this page are free. When a seller asks, we introduce one local agent, and the agent pays us a flat fee for the introduction, never a share of their commission; it costs the seller nothing. If a figure looks wrong, tell us and we’ll fix it.