Investment property data for 1 bed units
• Annual growth 1.1%
• Median price $335K
• Median rent $350/wk
• Rental yield 5.4%
• Rental demand Average 924 visits per unit
• Est. cash flow $389/mo
Median price in Preston
The median sales price for 1 bedroom units in Preston, VIC in the last year was $335,000 based on 36 home sales. Compared to the same period five years ago, the median unit sales price for 1 bedroom units increased 5.7% which equates to a compound annual growth rate of 1.1%.
Market demand in Preston
realestate.com.au data suggests there is average demand from people looking to rent 1 bedroom units in Preston, VIC.
Rental yield in Preston
The rental yield for 1 bedroom units in Preston, VIC was 5.4% based on 319 property rentals and 36 property sales over the preceding 12 months.