Property investors who have had real estate in Thomastown, 3074 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 12.64%
Thomastown,3074 was ranked 1436 in Australia by increase in median property value over the quarter.
Property buyers and investors in Thomastown 3074 should be seeing an average reduction in asking price of around -11.80% . This means that Thomastown is holding prices well when compared to other suburbs in VIC.
Residents and property investors in Thomastown have been waiting around 64.25 days to sell a property.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 6.79%, investors should hope to achieve an overall return of 3.71%
Thomastown, 3074 ranked 100th in VIC when comparing growth in median property values or capital gain over the last 12 months. Thomastown is one of 2098 in our list for VIC
Thomastown,3074 was ranked 240 in Australia by increase in median property value over the quarter.
Vendor discounting in Thomastown is giving property investors an average Vendor Discount of around -4.83%. This puts suburb at number 165th in VIC when ranking the most discounted suburbs.
A $310 per week rent on the median house gives suburb investors a gross yield of circa 4.61%, without taking into account capital value appreciation, which has been averaging out at 6.52%.