Thornlie

POSTAL CODE: WA, 6108

HOUSE

UNIT

THORNLIE, 6108 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in WA have risen as a whole, pulling THORNLIE, 6108 values up and netting property investors a capital gain of 13.14% for the past year.

Investors saw the median home price rise to $775,000.

Profits due to an upward trend in home prices in the suburb averaged 22.22% per annum over a 3-year period.

THORNLIE now ranks at the 126th place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of $680 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In THORNLIE, homes and units usually stay on listing for an average of 19.9 days.

In 2016, 399 properties were sold in THORNLIE during the past year, making it the 187th most active market in WA based on total real estate transactions.

THORNLIE ranks 14th in WA when it comes to estimated capital gains experienced by property investors over the past three years.

THORNLIE, 6108 has a capital gain of 38.93% for the past year, which is higher than average compared to its 140.91% growth within a five-year period.

THORNLIE, 6108 ranks 32nd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 38.93% for property investors last year.

With the median home price in THORNLIE sitting at $530,000, and the average rent at $560, property owners could potentially earn a 5.49% increase in gross rental yield.

Property investors have seen a 4.95% gain in THORNLIE based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on THORNLIE, 6108 can rest assured about this WA suburb's performance. The suburb saw median home prices rise by 38.93%.

A survey of average capital gains or median home price increase in suburbs across the country shows that THORNLIE, 6108 obtained a 6.8% growth over a ten-year period. It ranks 530th on our list of suburbs that property investors should look into.

Surburb overview

Thornlie is a residential suburb in the City of Gosnells, approximately 15 kilometres southeast of Perth’s central business district. The area encompasses several developments established from the 1950s through the 1980s, including Crestwood, Castle Glen, and Forest Lakes.

According to the 2021 Census, Thornlie had 48,083 residents living in 19,406 dwellings, with an average household size of 2.5 persons. The suburb exhibits a diverse demographic profile, with common ancestries including English, Australian, Chinese, Irish, and Scottish.

Thornlie train station on the Armadale Line offers public transportation services to Perth and its surrounding areas. Bus routes such as the 206 and 930 operate along major roads, connecting residents to nearby suburbs and commercial centres.

Essential establishments within the suburb include educational institutions such as Thornlie Primary School, which offers education from Kindergarten to Year 6. Shopping centres such as Forest Lakes Shopping Centre, Thornlie Square Shopping Centre, and Spencer Village Shopping Centre cater to retail needs by offering diverse retail and dining options.

Numerous parks and reserves support recreational activities in Thornlie. Hume Road Wildlife Reserve offers natural bushland and walking trails, while Partridge Way Reserve includes a playground, exercise area, cricket pitch, and basketball ring. Teakwood Park offers scenic access from surrounding streets and caters to various outdoor activities.

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	$775,000	$530,000
Growth Report
Median Quarterly	6.16%	4.95%
Median 12 month	13.14%	38.93%
Median 3 years	66.67%	86.95%
Median 5 years	115.28%	140.91%
10 years average annual	6.24%	6.8%
Weekly media advert. rent	$680	$560
Time on Market	19.9 days	20.4 days
Gross Rental Yield Percent	4.56%	5.49%

Demographics (Median Values)*

Total Population 23153

Weekly Household Income 1449

Household Size 2.80

Average Age 37

Monthly Loan Repayment 1733

* 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