PRESTON 3072
State: VICPosiProp AI Investment Summary
PRESTON (VIC 3072) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 3.2% and has experienced a 12-month capital growth of Up 3.5%, with a median house buy price of $1,200,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$1,020,000
$1,160,000
$1,364,667
$1,200,000
Suburb Market Profile
Last month Preston had 148 properties available for rent and 176 properties for sale. Median property prices over the last year range from $1,200,000 for houses to $566,000 for units. If you are looking for an investment property, consider houses in Preston rent out for $700 PW with an annual rental yield of 3.2% and units rent for $550 PW with a rental yield of 4.7%. Preston has seen an annual compound growth rate of 3.5% for houses and -6.1% for units.