Preston

Preston

VIC 3072
Preston is a suburb located 9 km north-east of Melbourne's central business district, within the City of Darebin local government area. With a population of 33,790 residents in 2021, Preston has a rich history dating back to its settlement in the 1830s. Initially known as Irishtown, the area was renamed after a village in Sussex, England, where church members had happy annual outings. Preston saw rapid growth in the late 19th and early 20th centuries, with the development of railway stations and the establishment of industrial facilities. Today, Preston is a vibrant and multicultural suburb known for its thriving arts and DIY community. It has a diverse range of restaurants, cafes, and eateries, catering to different tastes. The suburb is also home to many schools, including primary and secondary schools, as well as specialized educational institutions. Preston is well-connected to other parts of Melbourne through its public transport network. It is serviced by tram, train, and an extensive bus system, making it easy for residents to commute. With a median age of 37, Preston is a popular choice for families, young professionals, and artists seeking a lively and diverse community.
AREA
11.4069 km2
POPULATION
33,790
OWNER OCCUPIED %
57%
LARGEST AGE GROUP
30-40
MEDIAN MONTHLY MORTGAGE
$2,000
MEDIAN WEEKLY RENT
$575

Preston Market Trends & Statistics

Recent Median Prices
Previous quarter
Houses
-1.92%
$1,226,000
Units
-4.69%
$610,000
Housing Stock Breakdown
Suburb market composition
22,927
Properties
49.67% Houses (11,388)
50.33% Units (11,539)

Properties for sale in Preston

Slash Pattern

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