Price drops in Preston
Listings for sale in Preston, VIC 3072 whose current asking price is a cut from an earlier one, and by how much. Updated daily.
Most recent cut recorded:
Listings reduced
50
32% of 156 live listings
Median cut
4.4%
$33K off the asking price
Days listed before cut
60
median, first listed to latest cut
Cuts, last 30 / 90 days
33 / 41
11 listings have raised instead
Preston price-drop summary
50 listings in Preston (32% of the 156 on the market) are advertised below an earlier asking price. The typical reduction is 4.4%, about $33K. House listings account for 22 of them, with a median cut of 7.2%. Going the other way, 11 listings have raised the asking price.
Cuts by property type
| Type | Listings reduced | Median cut |
|---|---|---|
| House | 22 | 7.2% |
| Apartment | 20 | 4.0% |
| Townhouse | 7 | 3.4% |
| Villa | 1 | 1.6% |
Largest current cuts in Preston
The 30 biggest of 50, by percentage. Previous asking is the price immediately before the latest cut.
| Address | Previous asking | Now asking | Cut | Cut on | Property |
|---|---|---|---|---|---|
| 644 Murray Road | $790,000 | $690,000 | -12.7% | 3 bed House | |
| 504 Gilbert Road | $1,540,000 | $1,350,000 | -12.3% | 3 bed House | |
| 113A Tyler Street | $1,550,000 | $1,360,000 | -12.3% | 5 bed House | |
| 176 Raglan Street | $2,500,000 | $2,200,000 | -12.0% | 4 bed House | |
| 1/2 Leicester Street | $1,100,000 | $979,000 | -11.0% | 3 bed Townhouse | |
| 16 Foley Avenue | $1,100,000 | $990,000 | -10.0% | 2 bed House | |
| 549 Murray Road | $1,600,000 | $1,450,000 | -9.4% | 4 bed House | |
| 12-14 Sheffield Street | $3,600,000 | $3,300,000 | -8.3% | 6 bed House | |
| 90 St Georges Road | $1,200,000 | $1,100,000 | -8.3% | 3 bed House | |
| 130 Wood Street | $1,200,000 | $1,100,000 | -8.3% | 3 bed House | |
| 20 Casuarina Way | $1,200,000 | $1,100,000 | -8.3% | 3 bed House | |
| 9/122 High Street | $430,000 | $395,000 | -8.1% | 1 bed Apartment | |
| 113 Dundas Street | $1,350,000 | $1,250,000 | -7.4% | 3 bed House | |
| 213/2 Plenty Road | $420,000 | $390,000 | -7.1% | 2 bed Apartment | |
| 23/45-47 James Street | $640,000 | $595,000 | -7.0% | 2 bed Apartment | |
| 88 Spring Street | $1,450,000 | $1,350,000 | -6.9% | 8 bed House | |
| 65 Victoria Street | $1,650,000 | $1,550,000 | -6.1% | 5 bed House | |
| 14/15 Showers Street | $850,000 | $800,000 | -5.9% | 3 bed Townhouse | |
| 10 Edith Street | $950,000 | $895,000 | -5.8% | 3 bed House | |
| 5/584 Murray Road | $665,000 | $629,000 | -5.4% | 2 bed Apartment | |
| 107/10 Clinch Avenue | $522,500 | $495,000 | -5.3% | 2 bed Apartment | |
| 30 Flett Street | $790,000 | $750,000 | -5.1% | 2 bed Townhouse | |
| 218/2 Plenty Road | $440,000 | $420,000 | -4.5% | 2 bed Apartment | |
| 29/388 Murray Road | $440,000 | $420,000 | -4.5% | 2 bed Apartment | |
| 105/380 Bell Street | $440,000 | $420,000 | -4.5% | 1 bed Apartment | |
| 1004/80 High Street | $730,000 | $699,000 | -4.2% | 2 bed Apartment | |
| 2/19 Collins Street | $621,000 | $595,000 | -4.2% | 2 bed Apartment | |
| 94 Murray Road | $880,000 | $845,000 | -4.0% | 3 bed House | |
| 108B/8 Clinch Avenue | $560,000 | $539,000 | -3.8% | 2 bed Apartment | |
| 21 Murphy Street | $1,350,000 | $1,300,000 | -3.7% | 3 bed House |
Suburb profile
Preston market data
Median prices, rents, growth and vacancy for Preston.
Sold prices
Recent sales in Preston
What buyers actually paid, and how it compared with the asking price.
Australia-wide
All price rises and cuts
The national feed of asking-price changes, filterable by state, type and size of change.
Price drops in Preston: common questions
How many properties in Preston have had a price drop?
50 listings for sale in Preston VIC 3072 are currently advertised below an earlier asking price, 32% of the 156 listings on the market. 33 of those cuts were recorded in the last 30 days and 41 in the last 90.
How much are Preston sellers cutting their prices by?
The median cut is 4.4%, or $33K, measured from the previous advertised asking price to the current one on each listing.
How long are Preston listings on the market before the price drops?
A median of 60 days from when the listing first appeared to its latest price cut, across 50 listings.
What counts as a price drop here?
A listing that is still for sale and whose current advertised asking price was set by a reduction from its previous asking price. Changes that cannot be confirmed as one advertisement repricing, such as several ads sharing one address, are left out.
Showing at most 30 listings. Asking prices are as advertised; a cut is not a sale price.