Suburb Profile Report for Thomastown VIC (3074)

Thomastown House: Median price $586,000, Annual capital growth 8.73%, Number of sales 240, Weekly median advertised rent $350

Thomastown Unit: Median price $381,000, Annual capital growth 6.44%, Number of sales 75, Weekly median advertised rent $310

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$586,000 $381,000
12.15% 5.28%
28.79% 13.73%
8.73% 6.44%
$350 $310
240 75
3.11% 4.23%
52.26 94.72

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 20330
Median household income ($/weekly) 900
Median age of persons 38
Median housing loan repayment ($/monthly) 1517
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 2168 10.7
    25-34 years 3217 15.8
    35-44 years 2543 12.5
    45-54 years 2495 12.3
    55-64 years 2529 12.4
    Others 7379 36.3
    Age Group
    Census Count Percent(%)
    Registered Married 8702 54.2
    Not Married 6843 42.6
    Defacto Relationship 500 3.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 8806 46.1
    Germany 1508 7.9
    Japan 1623 8.5
    Viet Nam 1052 5.5
    Other 1211 6.3
    Others 4899 25.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 1411 7.5
    Christianity 12092 64.2
    Islam 2602 13.8
    Other Religious Groups 669 3.6
    No Religion 1585 8.4
    Others 478 2.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 1023 17.1
    $600-$799 688 11.5
    $800-$999 581 9.7
    $1,000-$1,249 637 10.7
    $1,500-$1,999 640 10.7
    Others 2411 40.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 7832 49.1
    Employed, worked full-time 4753 29.8
    Employed, worked part-time 2153 13.5
    Unemployed, looking for work 672 4.2
    Employed, away from work 537 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 798 10.7
    Technicians & trades workers 1191 16.0
    Clerical & administrative workers 963 12.9
    Machinery operators & drivers 1010 13.6
    Labourers 1322 17.8
    Others 2157 29.0
    Occupation
    Census Count Percent(%)
    Infants/Primary 1220 30.8
    Secondary 1165 29.4
    Technical or Further Educational Institution 481 12.1
    University or other Tertiary Institutions 610 15.4
    Other type of educational institution 247 6.2
    Others 236 6.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 18039 92.3
    Flat, unit or apartment 973 5.0
    Semi-detached, row or terrace house, townhouse 521 2.7
    House or flat attached to a shop, office 10 0.1
    Improvised home, tent, sleepers out 4 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 3316 51.0
    Being purchased 1636 25.2
    Rented 1509 23.2
    Other tenure type 42 0.6
    Tenure Type
Census 2011, ABS
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