The Preston Vic suburb profile reveals a thriving community with a vibrant lifestyle, competitive property market, and diverse demographics. In 2026, Preston continues to evolve, offering residents a great mix of amenities and living options.

• Preston Vic has a population of 31,753 and a median age of 35 according to ABS 2021 data.
• Median property prices in Preston are $660,000, making it attractive for first-time buyers.
• The SEIFA advantage decile for Preston is 7/10, suggesting a comfortable socio-economic environment.
• Preston is well connected with excellent public transport, boasting a 100/100 walk score per CRMBrain 2026 figures.
• Owner-occupiers make up 50.3% of the population, with 43.4% rentals reported by the ABS 2021.

What do the numbers say in Preston Vic?

Understanding the demographics and statistics is crucial for anyone exploring the Preston Vic suburb profile. According to ABS 2021 data, Preston’s population stands at 31,753 people with a median age of 35. The average household size is 2.5, and the median annual personal income is $60,008.

Housing is a significant component of the suburb, with 50.3% owner-occupied residences and 43.4% rentals. According to CRMBrain 2026, Preston’s median sale price is $660,000, offering affordability and potential growth in property investment. The area is zoned primarily as a residential zone with minimal flood risk, making it appealing for families and investors looking for stability.

What are the key considerations?

When considering investing in Preston Vic, it is essential to weigh various lifestyle factors. The suburb is in the housing choice and transport zone – schedule 2, as per GeoRisk 2026 reports, which supports a variety of residential developments while ensuring transport connectivity. With a walk score of 100/100, residents enjoy excellent access to public transport, cycling paths, and pedestrian-friendly streets.

Air quality is fair with PM2.5 levels at 15.79 µg/m³, indicating reasonable environmental conditions. Proximity to necessary amenities like aged-care facilities (54 within 5km) adds to the convenience and suitability for older residents and families.

To explore how Preston compares with other suburbs, you might visit our detailed portland vic suburb profile or the albert park vic suburb profile.

How does Collings help?

Collings Real Estate offers valuable insights and support for those interested in the Preston Vic property market. With expert property strategists, the agency provides a comprehensive analysis of potential investments, ensuring that clients are well informed about market trends and opportunities.

The specialized Collings portal is an invaluable tool for accessing off-market properties in Preston, enhancing your ability to make timely and informed decisions. Our office, located at 230 Waterdale Road, Ivanhoe, VIC 3079, is open for consultations, and you can reach us at 03 9486 2000 or email info@collings.com.au to talk to a Collings property strategist today.

Frequently asked questions

Preston Vic is a suburb full of potential, and naturally, there are some common questions about the lifestyle and opportunities it offers. We’ve outlined a few below:

Is Preston Vic a good place for families? Yes, with numerous schools, parks, and community facilities, it provides a vibrant and safe environment.

What is the public transport like in Preston? Public transport is robust with trains, trams, and buses readily available.

How competitive is the rental market? Quite competitive, with 43.4% of properties rented, giving plenty of options for tenants.