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Thomastown
AREA REPORTS

Thomastown

Thomastown - SUBURB PROFILE REPORT
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 7.06% growth over a ten-year period. It ranks 1416th on our list of suburbs that property investors should look into.

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

THOMASTOWN, 3074 has a capital gain of 17.42% for the past year, which is higher than average compared to its 49.95% growth within a five-year period.

With the median home price in THOMASTOWN sitting at $728,000, and the average rent at $380, property owners could potentially earn a 2.71% 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.

Data report can be found below

Thomastown
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $728,000 $460,000
GROWTH REPORT
Median Quarterly 2.54% 0%
Median 12 month 17.42% -1.39%
Median 3 years 16.48% 8.62%
Median 5 years 49.95% 35.29%
10 years average annual 7.06% 3.95%
Weekly media advert. rent $380 $340
Time on Market 58.0 days 56.8 days
Gross Rental Yield Percent 2.71% 3.84%
demographics (median values)*
Total Population
20523
Weekly Household Income
1018
Household Size
2.80
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.
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