CBRE and Killen Thomas, are pleased to exclusively present For Sale, 10-18 Chifley Drive, Preston, via Expressions of Interest closing Thursday 25th November 2021 at 3pm AEDT. This offering is one of the last remaining large scale development sites in Preston.
Located only 7.75km* from Melbourne's CBD, the site is strategically positioned within the inner northern growth corridor, providing strategic last mile logistics benefits from its excellent connectivity to surrounding arterials that service the neighbouring residential catchment.
The size of Preston is approximately 11.5 square kilometres. It has 30 parks covering nearly 4.7% of total area. The population of Preston in 2011 was 29,925 people. By 2016 the population was 32,865 showing a population growth of 9.8% in the area during that time. The predominant age group in Preston is 30-39 years. Households in Preston are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Preston work in a professional occupation. In 2011, 60.2% of the homes in Preston were owner-occupied compared with 56.7% in 2016.
Preston has 20,866 properties. Over the last 5 years, Houses in Preston have seen a 16.39% increase in median value, while Units have seen a 15.51% increase. As at 31 October 2024:
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