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Prestons

Suburb Profile

Prestons - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2170

house
unit

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $760,000.

The upward trend in home prices in PRESTONS, 2170 averaged 3.92% per annum over a 3-year period.

Average weekly rents on listings have reached the $540 mark, reflecting a 3.69% increase in returns based on the current median price in PRESTONS.

An average of 12.42 real estate transactions take place per month in PRESTONS which translates to 149 per annum.

149 properties were sold in PRESTONS in 2016, making it the 1168th most active market in NSW based on total real estate transactions.

PRESTONS, 2170 places 715th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $760,000 $625,500
GROWTH REPORT
Median Quarterly -1.62% -33.78%
Median 12 month -5% 6.38%
Median 3 years 11.76% 25.86%
Median 5 years 50.5% N/A
10 years average annual 6.88% 5.31%
Weekly media advert. rent $540 $500
Time on Market 63.5 days 0.0 days
Gross Rental Yield Percent 3.69% 4.16%
demographics (median values)
Total Population
12828
Weekly Household Income
1407
Household Size
3.50
demographics
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