Suburb Profile Report for Prestons NSW (2170)

Prestons House: Median price $732,000, Annual capital growth 5.86%, Number of sales 179, Weekly median advertised rent $540

Prestons Unit: Median price $545,000, Annual capital growth 4.90%, Number of sales 16, Weekly median advertised rent $485

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a a stable capital gain of 8.65% for the last year, Prestons, 2170 is the 1204th highest performer in Australia in this respect.

If we look at median property appreciation over just the last three months, Prestons has given property investors a paper return of 0.14%. This puts Suburb as 925 on a list of fastest fasting appreciating suburbs in NSW

Sellers are offering property buyers an average discount of -5.37% to buyers in Prestons at the moment, which is less than average for the rest of NSW.

On average over the past year, suburb has had 14.92 sales per month, which equates to 179 per year.

A $540 per week rent on the median house gives suburb investors a gross yield of circa 3.84%, without taking into account capital value appreciation, which has been averaging out at 5.86%.

If you compare the increase in value of investment property in Prestons, 2170 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 13.07%.

While Prestons,2170 ranked number 176th in NSW for increase in median house value (annualised) increase, it is ranked 187th over the last 5 years.

The most recent median price for Prestons is $545000, with sellers offering an average of -5.53% off the asking price.

In the last year 16 properties changed hands in Prestons, which puts it as the 494th most active market in NSW when comparing the number of sales per suburb.

With the median price for a house in Prestons being $545000 and the advertised rent reaching $485 the gross rental yield for property investors calculates out to be 4.63%

HOUSE UNIT
$732,000 $545,000
0.14% 2.83%
8.65% 13.07%
5.86% 4.90%
$540 $485
179 16
3.84% 4.63%
70.8 83

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 14419
Median household income ($/weekly) 1790
Median age of persons 31
Median housing loan repayment ($/monthly) 2401
Average household size 3.6
  • Census Count Percent(%)
    0-4 years 1306 9.1
    5-14 years 2727 18.9
    25-34 years 2097 14.5
    35-44 years 2567 17.8
    45-54 years 1969 13.7
    Others 3754 26.0
    Age Group
    Census Count Percent(%)
    Registered Married 6035 60.7
    Not Married 3484 35.0
    Defacto Relationship 431 4.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 7663 55.1
    Former Yugoslav Republic of Macedonia 1065 7.7
    Indonesia 454 3.3
    Philippines 556 4.0
    Other 1576 11.3
    Others 2585 18.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 638 4.6
    Christianity 8530 62.1
    Hinduism 1385 10.1
    Islam 2104 15.3
    No Religion 859 6.3
    Others 223 1.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 301 8.6
    $1,250-$1,499 295 8.4
    $1,500-$1,999 567 16.2
    $2,000-$2,499 609 17.4
    $2,500-$2,999 360 10.3
    Others 1372 39.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4752 47.4
    Not in the labour force 2947 29.4
    Employed, worked part-time 1568 15.7
    Employed, away from work 403 4.0
    Unemployed, looking for work 348 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 655 9.7
    Professionals 1237 18.4
    Technicians & trades workers 933 13.9
    Clerical & administrative workers 1316 19.6
    Machinery operators & drivers 734 10.9
    Others 1844 27.4
    Occupation
    Census Count Percent(%)
    Pre-school 317 7.3
    Infants/Primary 1706 39.5
    Secondary 1264 29.3
    Technical or Further Educational Institution 303 7.0
    University or other Tertiary Institutions 655 15.2
    Others 70 1.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 12120 86.3
    Semi-detached, row or terrace house, townhouse 1917 13.6
    Flat, unit or apartment 7 0.0
    House or flat attached to a shop, office 3 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 2568 66.9
    Fully owned 662 17.2
    Rented 572 14.9
    Other tenure type 38 1.0
    Tenure Type
Census 2011, ABS
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