I really miss the Preston Markets. I lived in Preston and later Reservoir when I was in Melbourne. I was at the markets multiple times a week.
There's nothing like it in Perth. Don't let them be gentrified, you'll lose the soul of the place if they go upmarket. I wouldn't have a problem with apartments being built on top, but I'd never want to live over them. The noise and 2,000 cars outside my apartment 5 days a week would be horrible.