Is PRESTON a good suburb for positive geared property investment in Australia?

PRESTON in VIC currently features property rental yields up to 3.4% with a 12-month capital growth value of Up 3.5%. Under standard conditions, suburbs with yields above 5.0% represent strong positive gearing potential.

What is the median house price in PRESTON 3072?

The median house price in PRESTON 3072 is approximately $1,200,000 based on the latest tracked market indices.

Investment Spotlight • Australia

PRESTON 3072

State: VIC

Updated: 6 August 2026

PosiProp AI Investment Summary

PRESTON (VIC 3072) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 3.4% 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.

Positive Gearing Potential Verified: Suburb rental index metrics qualify Richmond for positive cash flow portfolios. Review the price brackets and explore the live listings below.

Market Yield & Price Indices

2 house • buy

$1,070,000

Down -0.2% 3.3% Yield

3 house • buy

$1,179,000

Up 1.2% 3.4% Yield

4 house • buy

$1,340,000

Up 2.6% 3.4% Yield

all house • buy

$1,200,000

Up 3.5% 3.4% Yield

Suburb Market Profile

Last month Preston had 157 properties available for rent and 184 properties for sale. Median property prices over the last year range from $1,200,000 for houses to $575,000 for units. If you are looking for an investment property, consider houses in Preston rent out for $710 PW with an annual rental yield of 3.4% and units rent for $560 PW with a rental yield of 5.0%. Preston has seen an annual compound growth rate of 3.5% for houses and 3.0% for units.

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