Preston delivers the best rental yield of any inner-north Melbourne suburb in 2026. Units yield 5.1% gross, with 1-bedroom units in the sub-$400,000 range delivering up to 5.6% gross yield. This makes Preston the standout yield play in the corridor.
Preston Yield by Property Type
| Property Type | Median Price | Weekly Rent | Gross Yield |
|---|---|---|---|
| House (3-4br) | $1,180,000 | $820 | 3.6% |
| 1bed unit | $380,000 | $410 | 5.6% |
| 2bed unit | $524,000 | $515 | 5.1% |
| Block of units | $1,800,000 | $2,100 | 6.1% |
The Preston Yield Story
Unit transaction volumes dropped 19.4% in Preston while rents held firm, creating the best yield-per-dollar in the inner-north. This is a classic contrarian setup. Access Preston off-market investment opportunities through the Collings property portal.
Find your next property with Collings
Track suburbs, get matched to on-market and off-market listings, and manage your whole property search in one place. Access the Collings property portal.
