AREA REPORTS

Thomastown

Suburb Profile

Thomastown - FREE 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 8.38% growth over a ten-year period. It ranks 362nd 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 12.56% for the past year, which is lower than average compared to its 77.97% growth within a five-year period.

With the median home price in THOMASTOWN sitting at $658,500, and the average rent at $370, property owners could potentially earn a 2.92% 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

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $658,500 $440,000
GROWTH REPORT
Median Quarterly 0.69% 3.9%
Median 12 month 12.56% 15.64%
Median 3 years 56.79% 47.9%
Median 5 years 77.97% 51.72%
10 years average annual 8.38% 5.94%
Weekly media advert. rent $370 $330
Time on Market 83.2 days 52.5 days
Gross Rental Yield Percent 2.92% 3.9%
demographics (median values)
Total Population
20597
Weekly Household Income
772
Household Size
3.00
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Prices fall, red arrow down

Bargains set to hit the market in wake of royal commission

New research has determined two-thirds of property experts believe the current banking royal commission will bring down property prices thro...

Property houses and holding a globe

Global giant buoyed by Aussie property prices

An organisation representing 189 countries has analysed the Australian market, finding that softening prices are a necessary and welcome m...

Erasing the word mistake

4 investment mistakes you don’t know you’re making

When you’ve been in the real estate investment game for a while, you’ll hear the same pieces of simplified advice come up time and again...

LAnd for sale

Land banking: tips from a property investor

After purchasing properties under the National Rental Affordability Scheme (NRAS), investor Redom Syed decided to start delving into long-te...

Travel stamp

Migration cut plans set to impact property market

Top property industry bosses hold opposing views to the Prime Minister’s recently announced plan to reduce Australia’s migration intak...

For rent signage

'Bagging a bargain' easier in December, investors told

Investors looking to boost their portfolio should consider the buying and yield opportunities in the market during December, according to on...