Thomson has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 12.26% to date .
The five-year average increase in median property values for Thomson,3219 has given property investors a potential capital gain of 25.83% across each of those five years.
At number 387th of VIC’s most discounted properties, Thomson is in the TOP 40% of the state/territory when listing in order of most discounted to least.
In the last year 22 properties changed hands in Thomson, which puts it as the 599th most active market in VIC when comparing the number of sales per suburb.
Situated 64.75km from the CBD, Thomson is one of Greater Geelong localities in the postcode 3219.
If we look at median property appreciation over just the last three months, Thomson has given property investors a paper return of 2.22%. This puts Suburb as 141 on a list of fastest fasting appreciating suburbs in VIC
Property investors looking for a bargain in Thomson should be aiming for at least -1.27% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $280 mark per week – giving a return of 4.52% based on the median price in Suburb