Thomastown

POSTAL CODE: VIC, 3074

HOUSE

UNIT

Based on its average 5-year and quarterly capital gains THOMASTOWN, 3074 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that THOMASTOWN, 3074 obtained a 6.6% growth over a ten-year period. It ranks 2246th on our list of suburbs that property investors should look into.

THOMASTOWN, 3074 in VIC belongs to the local government area of Whittlesea.

THOMASTOWN, 3074 has a capital gain of 7.22% for the past year, which is higher than average compared to its 24.52% growth within a five-year period.

With the median home price in THOMASTOWN sitting at $772,000, and the average rent at $520, property owners could potentially earn a 3.5% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in THOMASTOWN are low, as opposed to average gains per annum over the past five years.

Homeowners and real estate investors betting on THOMASTOWN, 3074 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 12.2%.

A steady increase in median property prices over a five-year period in THOMASTOWN, 3074 translates to a 13.35% capital gain.

Property investors enjoyed capital gains of 12.2% over the last 12 months in THOMASTOWN, translating to lower returns compared with its peers in VIC.

THOMASTOWN, 3074 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 $552,000.

Profits due to an upward trend in home prices in THOMASTOWN, 3074 averaged 4.45% per annum over a 3-year period.

Home owners selling their properties and realtors in THOMASTOWN usually have to wait an average of 66.3 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $467.5 mark, reflecting a 4.4% increase in returns based on the current median price in THOMASTOWN.

THOMASTOWN, 3074 places 157th in Australia based on median property value growth during the quarter.

Surburb overview

Thomastown is a suburb of Whittlesea, Victoria, located approximately 16 kilometres north of Melbourne's Central Business District. As of the 2021 census, it had 14,234 residents.

The suburb covers an area of about 14.7 square kilometres and has a mix of residential and industrial zones. Approximately 36.66% of the area is designated as a General Residential Zone, while 30.42% is an Industrial 1 Zone.

Public transportation in Thomastown is well-developed. The Thomastown railway station on the Mernda line provides access to Melbourne's city centre. Additionally, several bus routes service the area, enhancing connectivity to neighbouring suburbs.

Thomastown offers a range of housing options. The median property price is approximately $709,900, and annual capital growth is 3.64%. Rental yields are around 3.75%, and the median weekly rent is $500.

Thomastown's cultural diversity, accessible amenities, and mix of residential and industrial areas contribute to its appeal as a suburb within Melbourne's northern corridor.

You’re out of free articles for this month

Username or Email

Password Forgot password?

Keep me signed in on this device.

First Name

Last Name

Mobile

Organisation Type

By becoming a member, I agree to receive information and promotional messages from Smart Property Investment. I can opt out of these communications at any time. For more information, please visit our Privacy Statement.

Need help signing up? Visit the Help Centre.

Loading form...

Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$772,000	$552,000
Growth Report
Median Quarterly	2.93%	2.22%
Median 12 month	7.22%	12.2%
Median 3 years	8.73%	13.35%
Median 5 years	24.52%	19.93%
10 years average annual	6.6%	6.34%
Weekly media advert. rent	$520	$468
Time on Market	38 days	66.3 days
Gross Rental Yield Percent	3.5%	4.4%

Demographics (Median Values)*

Total Population 20523

Weekly Household Income 1018

Household Size 2.80

Average Age 38

Monthly Loan Repayment 1517

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

Select a category

Age group

Top 10 Birth Countries

Dwelling Structures

Education

Household Income

Labour Force

Marital Status

Occupation

Religious Affiliation

Tenure Type