Preston, VIC 3072, is a diverse suburb with a growing population primarily consisting of young adults and middle-aged residents. The suburb offers a good mix of ages, with a considerable number of professionals and technicians/tradeworkers. Residents have access to various commuting options including trains and buses, while a significant percentage work from home. The suburb also boasts a high ICSEA value for government schools, indicating educational advantages for students. Preston presents investment opportunities in both houses and units. With a high market absorption rate and low vacancy rate, the suburb indicates strong buyer demand and potential for capital growth. For houses, the wide sale price IQR ratio suggests opportunities for renovators. Units offer attractive rental yields and a favorable discount median, indicating potential for stable rental income. The suburb's consistent population growth and good infrastructure make it an appealing choice for investors. Preston, VIC 3072, is a bustling suburb with a strong investment potential for both houses and units. The area's demographic profile reflects a mix of occupations and age groups, making it an attractive location for residents and investors alike. With a high market absorption rate, low vacancy rate, and convenient commuting options, Preston offers a promising opportunity for property investment in the Melbourne real estate market. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022