Suburbs near Preston transforming through rebuilds

Preston’s northern location connects homeowners to some of Melbourne’s fastest-growing suburbs. With excellent transport, education, and parkland access, these nearby areas are seeing strong demand for knockdown rebuilds, helping families stay local while upgrading their homes for a new generation.

Reservoir

Preston’s northern neighbour, Reservoir, has a population of around 33790 and is fast becoming a hub for contemporary rebuilds. Its wide blocks and established streets make it ideal for modern double-storey designs. With a median rent of $620 per week, families are replacing post-war homes with energy-efficient builds that better reflect today’s lifestyle.

Coburg

Located south of Preston, Coburg has evolved into a vibrant blend of tradition and renewal. Home to over 28,000 residents, its property market remains one of Melbourne’s most resilient, with demand for sustainable rebuilds on the rise. Homeowners are choosing to modernise older homes while maintaining the suburb’s community charm and urban edge.

Thornbury

Known for its creative atmosphere and median property value around $1.4 million, Thornbury is a natural extension of Preston’s lifestyle appeal. Rebuild projects here often focus on transforming compact sites into light-filled, energy-efficient homes. With quality schools and parks nearby, it’s ideal for families who value both design and connection.

Heidelberg Heights

With a population nearing 7,000, Heidelberg Heights offers excellent access to transport and education while providing larger lots ideal for rebuilds. Its mix of older brick homes and modern townhouses reflects growing redevelopment activity. A knockdown and rebuild here lets homeowners design contemporary spaces in an area known for green streets and proximity to Austin Hospital.

Northcote

Just a short drive south, Northcote remains one of Melbourne’s most desirable inner-north suburbs. With a median weekly rent above $750 and a strong demand for family housing, knockdown rebuilds are allowing residents to reimagine older homes for modern living. Carlisle Homes supports Northcote homeowners with innovative, space-efficient designs suited to narrow lots.

Kingsbury

Compact and community-focused, Kingsbury has a population of about 3,800 and offers some of the most affordable land in Melbourne’s north. Its proximity to La Trobe University and Darebin Creek parklands makes it perfect for families and first-time rebuilders looking to balance value, space, and lifestyle.

Bellfield

Bellfield’s ongoing renewal has made it a small but fast-growing pocket for new home projects. With under 2,000 residents, the suburb’s former post-war housing is being replaced by modern family dwellings and multi-unit rebuilds. Carlisle Homes’ expert team ensures a smooth knockdown rebuilding process that fits within the area’s evolving urban framework.

Bundoora

Home to 28068 residents and multiple education hubs, including La Trobe University, Bundoora is seeing steady interest from rebuilders. Larger blocks and a strong rental market make it ideal for families upgrading from older homes. With parks, trams, and shopping close by, rebuilds here balance lifestyle with long-term property growth.

Ivanhoe

Ivanhoe’s leafy streets and proximity to the Yarra River have made it a premium choice for rebuilds. With median property prices exceeding $2 million, homeowners are replacing ageing structures with architecturally designed homes that balance luxury and longevity. Carlisle’s expert design team helps ensure each rebuild complements Ivanhoe’s heritage and elegance.

Brunswick

South of Preston, Brunswick offers a creative, urban lifestyle just 6 km from Melbourne’s CBD. With a population of 27,000, its mix of heritage façades and new builds represents the city’s evolving character. Rebuilds here often focus on sustainability and architectural flair, giving families the freedom to stay in a neighbourhood they love.

Visit our display homes in Botanical, Mickleham, just 25 minutes from Preston, to explore home designs made for Melbourne’s northern suburbs. Discover the possibilities of rebuilding where you already belong.