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Prestons is a delightful suburb that offers a welcoming environment for families and individuals seeking a balanced lifestyle. Known for its suburban charm and community spirit, Prestons provides a peaceful atmosphere with a mix of modern housing developments and established homes. The suburb's strategic location near major transport routes ensures that residents have convenient access to Sydney's CBD and other parts of the city, making it an attractive option for commuters. The presence of several schools, parks, and shopping centers adds to the suburb's appeal, providing families with the amenities they need for a comfortable and fulfilling lifestyle.

Families will find Prestons particularly appealing due to its strong community focus and the availability of quality educational facilities. The suburb's green spaces and recreational areas offer plenty of opportunities for outdoor activities, making it a great place for children to play and explore. Safety is generally not a major concern, contributing to the suburb's reputation as a family-friendly area. While Prestons may not offer the bustling nightlife of inner-city suburbs, it compensates with a quieter, more relaxed lifestyle that many families and retirees appreciate.

However, living in Prestons does come with some trade-offs. The ongoing development in the area may lead to increased traffic and noise, particularly as the nearby Badgerys Creek Airport and Liverpool CBD continue to grow. Additionally, while the suburb offers a range of amenities, those seeking a vibrant cultural scene may need to venture further afield. Despite these considerations, Prestons remains a desirable place to live, offering a supportive community, convenient location, and a comfortable lifestyle for families and individuals alike.

Living in Prestons can be seen as moderately expensive, especially when compared to the average wage in the area. The median house price is currently $1,177,500, which is quite high, while the median unit price is $555,000. These figures suggest that buying property in Prestons requires a significant financial commitment. For those looking to rent, the average rent for houses is $750 per week, and for units, it's $578 per week.

When we look at the average annual wage in Prestons, which is $77,000, it becomes clear that a substantial portion of income would need to be allocated to housing costs. This is particularly relevant when considering the median total household income weekly stands at $2,310. Compared to the broader Sydney area, where the average salary is around $85,000 per year, Prestons' wage levels are slightly lower, making the cost of living a bit more challenging for residents.

While Prestons offers a family-friendly environment with access to amenities and transport links, the cost of housing can be a significant factor to consider. If you're thinking of living in Prestons, it's essential to evaluate your financial situation and ensure that the expenses align with your income to maintain a comfortable lifestyle in this suburb.

Prestons is shaping up to be an attractive suburb for property investment, thanks to its impressive growth in both house and unit values over the past year. With a 14.3% increase in median house values and a remarkable 27.7% rise in unit values, the suburb is clearly experiencing a strong upward trend. This growth indicates a high demand for properties in the area, making it a promising option for investors looking for capital appreciation.

In addition to property value growth, Prestons has also seen a healthy increase in rental returns, with house rents climbing by 7.1% and unit rents by 6.4% over the last 12 months. This suggests a robust rental market, which is appealing for investors seeking steady rental income. The combination of rising property values and rental yields makes Prestons a suburb worth considering for those looking to invest in real estate.