Maribyrnong vs Preston
Property investment comparison - Maribyrnong, VIC 3032 vs Preston, VIC 3072
Head-to-head across core investment metrics: Maribyrnong wins 3, Preston wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Maribyrnong | Preston |
|---|---|---|
| Median house price | $1.2M | $1.2M |
| Median unit price | $500K | $625K |
| Gross rental yield (houses) | - | 3.07% |
| Gross rental yield (units) | 5.62% | 4.78% |
| 1-year house growth | +1.7% | +3.5% |
| 3-year house growth | +9.5% | +6.1% |
| Vacancy rate | 1.4% | 1.2% |
| Population | 12,573 | 33,790 |
Maribyrnong vs Preston: what the numbers say
Houses cost about the same in both suburbs: the median house price is $1.2M in Maribyrnong and $1.2M in Preston.
For units, Maribyrnong sits at a median of $500K against $625K in Preston, which makes Maribyrnong the more affordable unit market and Preston the pricier one.
Over the past year house prices moved +1.7% in Maribyrnong and +3.5% in Preston, so recent momentum favours Preston, although both suburbs recorded growth.
Looking back three years, Maribyrnong houses are +9.5% and Preston houses +6.1%, so Maribyrnong has compounded faster than Preston over the longer window.
Rental vacancy is 1.2% in Preston and 1.4% in Maribyrnong, so landlords in Preston face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Preston is the bigger suburb, with a population of 33,790 against 12,573, roughly 2.7 times the size of Maribyrnong; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Preston for recent price momentum, Preston for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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