Property value increases in Thomastown have tracked higher than the VIC average of 9.78% over the last 12 months.
Taking the average capital gain, or increase in median house value, Thomastown,3074 has racked up an average of 20.00% over the period. This ranks it number 1123th in the whole country for real estate investors looking at median house price increases.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Thomastown, 3074. Typically our figures indicate that -10.38% is being offered, which puts this VIC suburb at 286th most discounted overall in Australia.
At number 863 in a list of fastest selling suburbs, Thomastown is in the TOP 30% of suburbs in Australia with an average of days on market 55.63 for properties listed there.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 7.76%, investors should hope to achieve an overall return of 3.40%
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 12.27%.
Across a shorter period, Thomastown, 3074 has seen a median price increase of 5.93% over the last quarter.
Thomastown, 3074 is offering VIC ‘s 232th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this VIC.
Often selling an investment property can take time, and in Thomastown the average time real estate has been on the market is 114.59 days.
Thomastown, 3074’s gross rental yield is 4.39%