Property value increases in Thomastown have tracked higher than the VIC average of 10.83% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Thomastown has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Thomastown is offering property investors an average of -5.41. This rate of discount on properties puts Suburb at number 23th in terms of most discounted suburbs in VIC
In the last year 240 properties changed hands in Thomastown, which puts it as the 96th most active market in VIC when comparing the number of sales per suburb.
Advertised rents are around the $350 mark per week – giving a return of 3.11% based on the median price in Suburb
Giving property investors a a solid capital gain of 13.73% for the last year, Thomastown, 3074 is the 316th highest performer in Australia in this respect.
While Thomastown,3074 ranked number 58th in VIC for increase in median house value (annualised) increase, it is ranked 168th over the last 5 years.
The most recent median price for Thomastown is $381000, with sellers offering an average of -3.98% off the asking price.
Situated 14.47km from the CBD, Thomastown is one of Whittlesea localities in the postcode 3074.