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Thornton
AREA REPORTS

Thornton

Thornton - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2322

house
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A steady increase in median property prices over a five-year period in the suburb translates to a 17.06% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $597,000

The augmented property values in the suburb are trailing behind the territorial average of 14.76% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $470.

Home owners selling their properties and realtors in THORNTON usually have to wait an average of 33.2 days days before their assets are lifted off the market.

The NSW suburb ranks 276th on the list of best yielding suburbs for rental properties in NSW, posting a 4.09% return.

It also places places 655th in Australia based on median property value growth during the quarter.

Surburb overview

On the surface, the suburb of Thornton appears to be the type of neighbourhood that may be too subdued even for those who prefer the quiet life. But with several major landmark developments in sight and an enviable proximity to the historic places in the City of Maitland, real estate investors are starting to view Thornton in a different light.

There’s more to Thornton upon closer inspection: the suburb possesses a centuries-old train station, which is still running today and is in close proximity to Maitland Park, the Maitland Gaol, a former prison, and an array of sports and recreational facilities. The New South Wales Department of Planning and Environment sees Thornton as a major growth corridor, with over 500 homes set to be constructed in the suburb soon.

Properties for sale in Thornton

Thornton’s real estate portfolio include housing and land packages whose prices range between AU$415,000 and AU$900,000. However, some properties for resale offer value for your money as well, such as old mansions and display homes. Discerning buyers who don’t mind moving to a property in a startup neighbourhood can definitely bag a spacious residence in Thornton without having to shell out a million dollars. Multi-family residential properties are lacking in the area, though upcoming developments make up for the need for these types of high-density residences.

Data report can be found below

Thornton
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $597,000 $423,750
GROWTH REPORT
Median Quarterly 5.66% 1.86%
Median 12 month 14.48% 17.06%
Median 3 years 17.06% -1.22%
Median 5 years 23.09% 23.54%
10 years average annual 5.1% 6.22%
Weekly media advert. rent $470 $410
Time on Market 33.2 days 56.5 days
Gross Rental Yield Percent 4.09% 5.03%
demographics (median values)*
Total Population
18450
Weekly Household Income
1351
Household Size
2.70
Age
37
Monthly Loan Repayment
1625
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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