Suburb Profile
Thomastown - FREE SUBURB PROFILE REPORT POSTAL CODE: VIC,3074
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.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $650,000 | $419,000 |
| GROWTH REPORT | ||
| Median Quarterly | 6.56% | 7.44% |
| Median 12 month | 33.33% | 23.43% |
| Median 3 years | 56.63% | 39.67% |
| Median 5 years | 79.06% | 39.67% |
| 10 years average annual | 9.35% | 5.86% |
| Weekly media advert. rent | $360 | $310 |
| Time on Market | 75.7 days | 73.9 days |
| Gross Rental Yield Percent | 2.88% | 3.85% |
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