If you compare the increase in value of investment property in Thomastown, 3074 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 34.18%.
Thomastown,3074 was ranked 483 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Thomastown is offering property investors an average of -5.14. This rate of discount on properties puts Suburb at number 22th in terms of most discounted suburbs in VIC
In the last year 237 properties changed hands in Thomastown, which puts it as the 97th 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 2.98% based on the median price in Suburb
Giving property investors a a solid capital gain of 14.89% for the last year, Thomastown, 3074 is the 289th highest performer in Australia in this respect.
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.
Thomastown, 3074 is offering VIC ‘s 122th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this VIC.
With the median price for a house in Thomastown being $390000 and the advertised rent reaching $315 the gross rental yield for property investors calculates out to be 4.20%