4 Nichol Street

Preston VIC 3072

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 21,049 properties. Over the last 5 years, Houses in Preston have seen a 10.60% increase in median value, while Units have seen a 7.19% increase. As at 31 January 2025:

• The median value for Houses in Preston is $1,120,149 while the median value for Units is $601,234.
• Houses have a median rent of $600 while Units have a median rent of $530.