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Preston, TAS 7315
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$415,000
market range $400K-$775K
Median Unit
$580,000
list-price estimate
Gross Yield (houses)
4.0%
1yr Growth (houses)
+9.8%
market range +5.0% to +12.5%
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
In Preston, TAS 7315, the median house sells for around $415K, on a gross rental yield of 4.0% for houses. House prices have moved +9.8% over the past year. At 0.3% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.0% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 0.3% and a resident base that is not shrinking. Houses also take time to sell, around 78 days on market, so plan for a slower exit if you ever need one.
Living in Preston: people, income and schools
Preston is home to around 149 people, a number that has held fairly steady over five years. At a median age of 48, it reads as skewed a little older, and 71% of homes are owner-occupied.
The typical household income runs to around $49,000 a year (about $940 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (2 out of 10). At current prices a median house runs to about 8.5 times local household income, in line with much of metropolitan Australia.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 149
- +1% over 5yr
- Median age
- 48 years
- Median household income
- $49,000/yr
- Households renting
- 19%
- Family households
- 71%
- Socio-economic rank
- 2/10
- ABS advantage index
- Unemployment
- 3.9%
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
No properties currently listed in Preston
Search Preston listings →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 +9.8% in the past year shows strong recent price momentum. Tight rental market (0.3% vacancy) gives landlords pricing power and low rental downtime. 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, TAS 7315 is $415K for houses.
What rental yield does Preston show?
The gross rental yield in Preston is 4.0% for houses. 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 9.8% 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 0.3%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Preston?
Preston has a population of approximately 149 residents, with a median age of 48.
Is Preston affordable to buy in?
A median house in Preston costs about 8.5 times the median local household income (broadly in line with metropolitan Australia). 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 modestly, about 1% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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