Preston is Melbourne's inner-north value powerhouse — an energetic, diverse suburb where the Northland Shopping Centre creates strong retail amenity, the Mernda train line delivers direct CBD access in 16 minutes, and the outstanding High Street corridor continues its northward gentrification from Northcote. Preston's multicultural food scene, affordability in the $900K house range, and rapidly improving café and restaurant offerings are generating Melbourne's strongest inner-north capital growth trajectory from buyers priced out of Northcote and Thornbury. At the current $900k median house price, an 80% loan at 6.25% over 30 years is about $4,433 per month.
| Median house price | $900,000 |
|---|---|
| Median unit price | $580,000 |
| Estimated monthly repayment | $4,433 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 8% |
| Gross rental yield | 4.2% |
| Typical days on market | 12 |
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