October 2026 data · Darebin · VIC
Preston house prices: median price and growth
- Median house
- $1.20m ▲ +2.6% in 12 months
- Median unit
- $573k ▲ +1.2% in 12 months
The median house price in Preston is $1.20m (October 2026), up 2.6% over 12 months. Units have a median of $573k, up 1.2% over 12 months. That puts Preston above the typical Melbourne Northern Suburbs suburb ($950k) and number 7 of the 12 suburbs around it.
Median house price
- $2.25M+
- $2M–$2.25M
- $1.75M–$2M
- $1.5M–$1.75M
- $1.25M–$1.5M
- $1M–$1.25M
- $750K–$1M
- $500K–$750K
- <$500K
Preston price changes
| Type | Median | 3 mo | 6 mo | 12 mo |
|---|---|---|---|---|
| House | $1.20m | 0.0% | 0.0% | ▲ +2.6% |
| Unit | $573k | ▼ −1.4% | ▲ +1.1% | ▲ +1.2% |
Changes compare the median with three, six and twelve months earlier. A dash means too few sales for a reliable figure. How these figures are worked out.
Preston compared with nearby suburbs
Suburbs within about 1 km of Preston, dearest house median first. Select a column heading to sort.
| House | Unit | |||||||
|---|---|---|---|---|---|---|---|---|
| Ivanhoe | $1.80m | ▼ −0.8% | ▼ −2.6% | ▼ −4.1% | $767k | ▲ +5.4% | ▲ +14.5% | ▲ +6.8% |
| Northcote | $1.65m | ▼ −3.9% | ▼ −4.5% | ▼ −1.0% | $618k | ▼ −2.0% | ▲ +0.2% | ▼ −1.2% |
| Thornbury | $1.45m | ▼ −1.8% | 0.0% | ▲ +2.5% | $618k | ▲ +3.0% | ▲ +4.4% | ▲ +11.5% |
| Brunswick East | $1.42m | ▲ +5.2% | ▲ +5.2% | ▲ +1.8% | $535k | 0.0% | ▲ +0.7% | ▲ +0.9% |
| Brunswick | $1.25m | ▼ −2.3% | ▼ −4.6% | ▼ −2.0% | $571k | ▼ −4.0% | ▼ −6.8% | ▼ −3.5% |
| Coburg | $1.24m | 0.0% | ▲ +1.3% | ▲ +3.0% | $580k | ▼ −3.3% | ▼ −3.3% | ▼ −8.0% |
| Preston | $1.20m | 0.0% | 0.0% | ▲ +2.6% | $573k | ▼ −1.4% | ▲ +1.1% | ▲ +1.2% |
| Bellfield | $1.03m | ▼ −0.5% | ▲ +0.9% | ▲ +1.9% | $670k | ▼ −5.3% | ▼ −6.3% | ▼ −16.2% |
| Coburg North | $1.00m | ▲ +0.8% | ▼ −0.2% | ▲ +0.8% | $673k | ▼ −1.1% | ▼ −3.6% | ▼ −2.6% |
| Reservoir | $950k | ▼ −0.1% | ▲ +0.4% | ▲ +3.3% | $640k | ▼ −3.8% | ▼ −3.0% | ▼ −2.7% |
| Bundoora | $870k | ▼ −2.2% | ▼ −2.2% | ▲ +2.1% | $440k | ▼ −2.2% | ▼ −2.2% | ▼ −4.4% |
| Heidelberg West | $798k | ▼ −0.5% | ▲ +0.9% | ▼ −0.3% | $688k | ▲ +2.4% | ▲ +1.5% | ▼ −1.0% |
Living in Preston
From the 2021 ABS Census: Preston against the Darebin council area and VIC. Council and state percentages count all their residents; their medians are the middle suburb by population.
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| Figure | Preston | Darebin (council) | VIC |
|---|---|---|---|
| People | |||
| Population | 33,790 | 144,864 | 6,503,500 |
| Median age | 37 | 37 | 39 |
| Families with children | 🔒 | 🔒 | 🔒 |
| Born overseas | 32.4% | 30.9% | 30.0% |
| Language other than English at home | 🔒 | 🔒 | 🔒 |
| Work and education | |||
| Median household income | $1,844/wk | $1,844/wk | $1,856/wk |
| Median personal income | 🔒 | 🔒 | 🔒 |
| Professionals and managers | 🔒 | 🔒 | 🔒 |
| Unemployment | 🔒 | 🔒 | 🔒 |
| Bachelor degree or higher | 🔒 | 🔒 | 🔒 |
| Completed Year 12 | 🔒 | 🔒 | 🔒 |
| Housing | |||
| Owned outright | 🔒 | 🔒 | 🔒 |
| Owned with a mortgage | 🔒 | 🔒 | 🔒 |
| Rented | 40.1% | 38.5% | 28.5% |
| Separate houses | 🔒 | 🔒 | 🔒 |
| Flats and apartments | 🔒 | 🔒 | 🔒 |
| Median weekly rent | 🔒 | 🔒 | 🔒 |
| Median mortgage repayment | 🔒 | 🔒 | 🔒 |
| Advantage | |||
| SEIFA advantage (IRSAD), Australian decile | 🔒 | 🔒 | 🔒 |
🔒 Age, occupation and ancestry breakdowns for Preston, its council and VIC
Source: ABS Census of Population and Housing 2021. More figures, maps and the 2016 Census are in Location Insights.
Common questions
What is the median house price in Preston?
The median house price in Preston was $1.20m in October 2026, up 2.6% on a year earlier. The typical Melbourne Northern Suburbs suburb median was $950k.
What is the median unit price in Preston?
The median unit price in Preston was $573k in October 2026, up 1.2% over 12 months.
Is Preston more expensive than nearby suburbs?
Of the 11 neighbouring suburbs with a median house price, 6 are dearer than Preston and 5 are cheaper or the same.
Where does this data come from?
Prices come from REA sales data for October 2026, all bedroom counts, refreshed monthly. Medians cover sales over the past 12 months; changes are shown only where at least 10 homes of that type sold.