FairSquare analyses every Australian suburb for property investors — score, yield, risk and a full investment verdict.
FairSquare's model rates Preston, Victoria 6.8 out of 10 (Hidden Gem) as of May 2026.
Preston offers robust capital growth potential, evidenced by its 9% price increase over the last 12 months, driven by strong structural demand from its strategic 9km proximity to Melbourne's CBD. An exceptionally tight rental market, with a 0.9% vacancy rate and strong weekly rent of $728, ensures reliable income streams and further supports long-term appreciation in this identified hidden gem.
The median price is derived, not estimated. Every number on this page traces back to the model's proprietary yield surface — calibrated for each part of the country and resolved against distance from CBD. The price falls out of the formula.
Inputs for this suburb sit at the top of our calibration tier. The model is not guessing.
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Unlock 9 signals — A$25 →FairSquare's model rates Preston, Victoria 6.8 out of 10 (Hidden Gem) as of May 2026. Preston offers robust capital growth potential, evidenced by its 9% price increase over the last 12 months, driven by strong structural demand from its strategic 9km proximity to Melbourne's CBD. An exceptionally tight rental market, with a 0.9% vacancy rate and strong weekly rent of $728, ensures reliable income streams and further supports long-term appreciation in this identified hidden gem.
The median house price in Preston, VIC is $1.11M. Weekly rent of $728 against a 3.4% gross yield underpins this figure.
Preston has a gross rental yield of 3.4%, with a median weekly rent of $728. 12-month price growth is tracking at +9.0%.
Based on its market signals, Preston aligns with: Income Hold.