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 9.35% growth over a ten-year period. It ranks 126th 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 33.33% for the past year, which is higher than average compared to its 79.06% growth within a five-year period.
With the median home price in THOMASTOWN sitting at $650,000, and the average rent at $360, property owners could potentially earn a 2.88% 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.
A 33.33% increase in median property prices in THOMASTOWN, 3074 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 18th.
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 23.43%.
A steady increase in median property prices over a five-year period in THOMASTOWN, 3074 translates to a 39.67% capital gain.
Property investors enjoyed capital gains of 23.43% 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 $419,000.
Profits due to an upward trend in home prices in THOMASTOWN, 3074 averaged 13.22% per annum over a 3-year period.
Home owners selling their properties and realtors in THOMASTOWN usually have to wait an average of 73.9 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $310 mark, reflecting a 3.85% increase in returns based on the current median price in THOMASTOWN.
THOMASTOWN, 3074 places 57th in Australia based on median property value growth during the quarter.