Suburb Profile Report for Prestons NSW (2170)

Prestons House: Median price $730,000, Annual capital growth 5.85%, Number of sales 179, Weekly median advertised rent $520

Prestons Unit: Median price $531,250, Annual capital growth 5.25%, Number of sales 18, Weekly median advertised rent $480

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

Source: CoreLogic

  • House Report
  • Unit Report

Prestons has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 11.45% to date .

If we look at median property appreciation over just the last three months, Prestons has given property investors a paper return of 1.39%. This puts Suburb as 605 on a list of fastest fasting appreciating suburbs in NSW

LACK OF BUYER INTEREST may well be the reason that Prestons is offering property investors an average of -5.53. This rate of discount on properties puts Suburb at number 646th in terms of most discounted suburbs in NSW

Property investors who have had real estate in Prestons, 2170 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 9.09%

The five-year average increase in median property values for Prestons,2170 has given property investors a potential capital gain of 49.65% across each of those five years.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.48% offered to property buyers. Sellers in Prestons itself are offering an average vendor discount of -4.12% to real estate investors.

HOUSE UNIT
$730,000 $531,250
1.39% 6.25%
11.45% 9.09%
5.85% 5.25%
$520 $480
179 18
3.70% 4.70%
70.49 74.09

Source: CoreLogic

DSR Score for property investment : Very good (U), Very good (H)
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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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