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Preston, QLD 4352
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,600,000
market range $1.5M-$2.0M
Median Unit
$1,325,000
Gross Yield (houses)
1.7%
1yr Growth (houses)
+21.3%
market range +5.0% to +32.5%
Investment snapshot for Preston
Preston has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Preston market and investor summary
Preston (QLD 4352) runs a median house price of $1.6M, with houses yielding a gross 1.7%. House prices have moved +21.3% over the past year. At 9.8% vacancy, it is a softer rental market with more choice for tenants.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 1.7% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 9.8% vacancy, so longer gaps between tenants are more likely and worth building into the numbers.
Living in Preston: people, income and schools
Preston has a resident population of roughly 644, and the area has been growing steadily, up about 13% over five years. The median age is 40, skewed a little older, and 89% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $129,000 a year, or roughly $2,470 a week. On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 12.4 times local household income, so affordability is a genuine constraint on local buyers.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 644
- +13% over 5yr
- Median age
- 40 years
- Median household income
- $129,000/yr
- Households renting
- 14%
- Family households
- 90%
- Socio-economic rank
- 8/10
- ABS advantage index
- Unemployment
- 1.5%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Preston
View all →Frequently asked questions about Preston
What should I check before investing in Preston?
Preston has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +21.3% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Preston?
The median property price in Preston, QLD 4352 is $1.6M for houses and $1.3M for units.
What rental yield does Preston show?
The gross rental yield in Preston is 1.7% for houses and 2.4% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Preston?
House prices in Preston are up 21.3% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Preston?
The current vacancy rate in Preston is 9.8%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Preston?
Preston has a population of approximately 644 residents, with a median age of 40.
Is Preston affordable to buy in?
A median house in Preston costs about 12.4 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Preston's population growing?
The population of Preston has grown about 13% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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