Darebin · 3072
Preston, VIC
listings tightening 8.0% YoY, incomes +22.0% (5y).
NextSuburb scoreTier C
58Average
Median house
$985k
5y growth
7.0%/yr
Gross yield
2.1%
Vacancy
1.2%
Growth-led, low cashflowHigh confidence
Eight-signal breakdown
Each signal scored 0–100 against the national distribution. Bars reflect how this suburb sits across the index.
- Capital growth (5y)7.0%/yr70/100
- Population growth+7.8% (5y)78/100
- Supply tightening-8.0% YoY90/100
- Rental yield2.1%41/100
- Rental demand1.2% vacancy70/100
- Income growth+22.0% (5y)88/100
- Construction pipelineno nearby pipeline0/100
- Affordability34% under cap34/100
Why this score
Preston scores 58/100 (Average). The two strongest signals: 22.0% income growth and 7.8% population growth over five years. The standout watch-out: gross yield of 2.1% leaves modest cashflow.
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
Nearest infrastructure
Metro Tunnel — Parkville Station6.4 km away
Recently completed · $13.5bn · completion 2025
Construction-stage projects within 10 km lift the suburb’s infrastructure score; projects more than 25 km away barely move it.
Comparable suburbs
Three VIC suburbs in the same budget band with the closest NextSuburb scores.
See the full VIC ranking60-month score history
Backfilled — live history begins May 2026Watch this suburb
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