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Thornlie
AREA REPORTS

Thornlie

Thornlie - SUBURB PROFILE REPORT
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 18.06% for the past year.

Investors saw the median home price rise to $425,000.

Profits due to an upward trend in home prices in the suburb averaged 4.44% per annum over a 3-year period.

THORNLIE now ranks at the 199th 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 high, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $400 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 29.0 days.

In 2016, 443 properties were sold in THORNLIE during the past year, making it the 148th most active market in WA based on total real estate transactions.

Data report can be found below

Thornlie
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $425,000 $307,000
GROWTH REPORT
Median Quarterly 3.66% 9.64%
Median 12 month 18.06% 39.55%
Median 3 years 13.33% 1.82%
Median 5 years -0.7% 20.63%
10 years average annual 1.1% 2.81%
Weekly media advert. rent $400 $350
Time on Market 29.0 days 75.1 days
Gross Rental Yield Percent 4.89% 5.93%
demographics (median values)*
Total Population
23153
Weekly Household Income
1449
Household Size
2.80
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.
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