Preston Property Market
& Suburb Profile

The suburb is defined by a dynamic blend of residential styles, ranging from beautifully preserved Californian Bungalows and Art Deco homes on large blocks, which appeal to established families, to contemporary townhouse and apartment developments that cater to young professionals and students.

Life is energetic and convenient, centred on the iconic Preston Market, which acts as a community focal point for fresh produce and multicultural food, complemented by the immense retail offerings of Northland Shopping Centre and the burgeoning cafe and dining culture along High Street.

Education is well-supported by numerous schools, including Preston High School and Melbourne Polytechnic, catering to the large family and student demographic. Connectivity is exceptional for commuters, with multiple train stations (Preston, Bell) on the Mernda line, extensive tram routes (Route 86) along Plenty Road, and a vast bus network, ensuring seamless and rapid access to the city and surrounding suburbs.

For investors, Preston is a highly attractive and dynamic market, driven by its strategic inner-north location, continuous gentrification, high rental demand from students and professionals, and superior public transport infrastructure, ensuring robust rental yields, particularly for well-located unit stock.