Preston Suburb Profile

Victoria 3072

Preston has 20,768 properties. Over the last 5 years, Houses in Preston have seen a 35.27% increase in median value, while Units have seen a 20.40% increase. As at 31 May 2024:

• The median value for Houses in Preston is $1,190,348 while the median value for Units is $629,320.
• Houses have a median rent of $630 while Units have a median rent of $500.

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.