Property value increases in Thomastown have tracked just higher than the VIC average of 8.12% over the last 12 months.
Across a shorter period, Thomastown, 3074 has seen a median price increase of 3.19% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Thomastown is offering property investors an average of -6.00. This rate of discount on properties puts Suburb at number 34th in terms of most discounted suburbs in VIC
On average over the past year, suburb has had 20.17 sales per month, which equates to 242 per year.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 6.71%, investors should hope to achieve an overall return of 3.75%
Property investors who have had real estate in Thomastown, 3074 should be relatively 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 6.75%
When looking at the potential capital gains offered to property investors over the last 3 years, Thomastown comes in at number 194th in VIC.
Our latest figures would indicate that property sellers in Thomastown are currently offering property investors an average price cut of -3.40% below the asking price at the moment.
At number 961 in a list of fastest selling suburbs, Thomastown is in the bottom 40% of suburbs in Australia with an average of days on market 89.62 for properties listed there.
Renters in Suburb are facing rents around $3780 per annum or $315 every week.