Why Preston
Growth-led, low cashflowlistings tightening 8.0% YoY, incomes +22.0% (5y).
Drivers
- Supply tightening-8.0% YoY
- Income growth+22.0% (5y)
- Population growth+7.8% (5y)
- Capital growth7.0%/yr
Risks
- Thin gross yield (2.1%)
- No major construction project in this state
Construction ·Metro Tunnel — Parkville Station6.4 kmRecently completed · 2025