$392 ▲ +30.7%
Higher than 80% of suburb / locality areas.
- 2011: $300
- 2016: $350
- 2021: $392
Median weekly rent paid by households renting their home.
Preston · Suburb / Locality
Housing & Dwellings in Preston
Where and how people live — the homes, how they are held, and what they cost.
Much higher rental and mortgage costs than most similar areas define the housing market in Preston. While typical payments remain about the same as state and national figures, the area is marked by a high number of renters and a lack of large family homes.
$392
▲ +30.7%
- $0–$25: 37 areas
- $25–$50: 86 areas
- $50–$75: 199 areas
- $75–$100: 214 areas
- $100–$125: 525 areas
- $125–$150: 343 areas
- $150–$175: 699 areas
- $175–$200: 597 areas
- $200–$225: 1183 areas
- $225–$250: 724 areas
- $250–$275: 1277 areas
- $275–$300: 787 areas
- $300–$325: 1282 areas
- $325–$350: 618 areas
- $350–$375: 935 areas
- $375–$400: 570 areas
- $400–$425: 763 areas
- $425–$450: 288 areas
- $450–$475: 415 areas
- $475–$500: 176 areas
- $500–$525: 204 areas
- $525–$550: 79 areas
- $550–$575: 125 areas
- $575–$600: 70 areas
- $600–$625: 97 areas
- $625–$650: 21 areas
- $650–$675: 54 areas
- $675–$700: 145 areas
All suburb / locality areas, 2021. The marker is Preston — higher than 80% of areas.
Housing costs
Rents, mortgages and crowding.
The typical weekly rent is $392 and monthly mortgage payments are $2,000, both of which are much higher than in most similar areas. These figures are about the same as those for Victoria and Australia.
$2,000 ▲ +7.4%
Higher than 72% of suburb / locality areas.
- 2011: $1,863
- 2016: $1,950
- 2021: $2,000
Median monthly mortgage repayment for households with a mortgage.
Weekly rent distribution
View on map →In Preston, $350–$549 is the majority at 55%; $200–$349 is next at 22%.
Monthly mortgage distribution
View on map →In Preston, the largest group is $1,800–$2,999 at 36%, followed by $1,000–$1,799 (28%) and $3,000 or more (23%).
Owning & renting
How homes are owned or rented.
Renters make up 40.1% of households, which is far above the Victorian figure and well above the national average. Conversely, those who own their home outright account for 27.2%, a share that is well below both the state and national levels.
40.1% ▲ +11.8%
Higher than 88% of suburb / locality areas.
- 2011: 35.9%
- 2016: 39.7%
- 2021: 40.1%
Share of occupied private dwellings that are rented.
27.2% ▼ -15.0%
Lower than 83% of suburb / locality areas.
- 2011: 32.0%
- 2016: 28.6%
- 2021: 27.2%
Share of occupied private dwellings owned outright (no mortgage).
How homes are owned or rented
View on map →In Preston, the largest group is Rented at 40%, followed by Owned with a mortgage (30%) and Owned outright (27%).
Types of homes
Houses, townhouses, apartments and bedrooms.
Separate houses are far less common here than in the rest of the state, making up only 55.7% of homes. This trend is reflected in the fact that homes with three or more bedrooms are far below the national figure, leading to a higher number of people per bedroom than in most areas.
0.90 ▼ -25.0%
Higher than 86% of suburb / locality areas.
- 2011: 1.20
- 2016: 1.00
- 2021: 0.90
Average number of usual residents per bedroom — a crowding measure.
55.7% ▼ -18.9%
Lower than 91% of suburb / locality areas.
- 2011: 68.7%
- 2016: 59.4%
- 2021: 55.7%
Share of occupied private dwellings that are separate houses.
53.8% ▼ -8.1%
Lower than 89% of suburb / locality areas.
- 2011: 58.5%
- 2016: 55.0%
- 2021: 53.8%
Share of occupied private dwellings with three or more bedrooms.
Types of homes
View on map →In Preston, Separate house is the majority at 56%; Townhouse / semi-detached is next at 25%.
Bedrooms per home
View on map →Preston splits fairly evenly between 3 bedrooms (39%) and 2 bedrooms (36%), with 4 bedrooms at 12%.
Sources
- Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).
More for Preston
Cite this page
Australian Bureau of Statistics. (2021). Housing & Dwellings in Preston [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sal/SAL22121/preston/topic/housing-dwellings