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Prestons Suburb Insights
VICLocation Information
Suburb Name
Prestons, VIC
Distance from CBD
23.1 kmDemographics
Population
15,313
Median Income
$36,244
Area Information
Area
9.22 km²
Population Density
1661 people/km²
Property Market
Median Price
$985,837
Annual Growth
+8.4%Property Price Trend Analysis
Current Median Price
$985,837
Annual Growth
+8.4%
Quarterly Growth
+2%
Price Trends - Last 6 Months
2024-01
$637,711
+10.7%2024-02
$1,023,620
+6.7%2024-03
$768,453
+7.3%2024-04
$1,120,094
+12.2%2024-05
$919,762
+12.1%2024-06
$1,187,401
+19.2%Property Type Price Analysis
House
Median Price
$1,122,130
Growth Rate
+13.6%Available Listings
246 properties
Apartment
Median Price
$562,145
Growth Rate
+7.1%Available Listings
456 properties
Townhouse
Median Price
$525,805
Growth Rate
+15.8%Available Listings
311 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy