Suburb Profile Report for Thornlie WA (6108)

Thornlie House: Median price $440,000, Annual capital growth 3.82%, Number of sales 302, Weekly median advertised rent $360

Thornlie Unit: Median price $310,000, Annual capital growth 4.51%, Number of sales 15, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 3377th in the list of Australian suburbs ordered by increase in median house value over the last year, Thornlie, 6108 is in the BOTTOM 20% with a property value increase of -4.35% recorded in median house prices.

Thornlie,6108 has offered an average of -4.35% return per annum in house price rises to property investors over the last three years.

Vendor discounting in Thornlie is giving property investors an average Vendor Discount of around -6.75%. This puts suburb at number 276th in WA when ranking the most discounted suburbs.

With the median price for a house in Thornlie being $440000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 4.25%

Investment property in Thornlie has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -5.34%

The most recent median price for Thornlie is $310000, with sellers offering an average of -7.58% off the asking price.

Often selling an investment property can take time, and in Thornlie the average time real estate has been on the market is 97.5 days.

A $320 per week rent on the median house gives suburb investors a gross yield of circa 5.37%, without taking into account capital value appreciation, which has been averaging out at 4.51%.

HOUSE UNIT
$440,000 $310,000
-1.12% -4.62%
-4.35% -5.34%
3.82% 4.51%
$360 $320
302 15
4.25% 5.37%
70.03 97.5

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 22964
Median household income ($/weekly) 1411
Median age of persons 36
Median housing loan repayment ($/monthly) 1700
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 3121 13.6
    25-34 years 3127 13.6
    35-44 years 3219 14.0
    45-54 years 3106 13.5
    55-64 years 2891 12.6
    Others 7502 32.7
    Age Group
    Census Count Percent(%)
    Registered Married 8722 50.9
    Not Married 6833 39.9
    Defacto Relationship 1565 9.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 13207 60.6
    Malta 682 3.1
    Papua New Guinea 839 3.9
    United Kingdom 2561 11.8
    Other 1278 5.9
    Others 3218 14.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 920 4.4
    Christianity 13062 61.9
    Hinduism 232 1.1
    Islam 1390 6.6
    No Religion 5289 25.1
    Others 216 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 634 9.1
    $600-$799 638 9.1
    $1,250-$1,499 615 8.8
    $1,500-$1,999 1035 14.8
    $2,000-$2,499 922 13.2
    Others 3130 44.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 7333 41.7
    Not in the labour force 5459 31.1
    Employed, worked part-time 3365 19.2
    Employed, away from work 794 4.5
    Unemployed, looking for work 619 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1606 14.0
    Technicians & trades workers 2142 18.6
    Clerical & administrative workers 1941 16.9
    Sales 1162 10.1
    Labourers 1330 11.6
    Others 3309 28.8
    Occupation
    Census Count Percent(%)
    Pre-school 316 6.0
    Infants/Primary 2050 39.0
    Secondary 1361 25.9
    Technical or Further Educational Institution 599 11.4
    University or other Tertiary Institutions 805 15.3
    Others 119 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 20962 95.8
    Flat, unit or apartment 472 2.2
    Semi-detached, row or terrace house, townhouse 450 2.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 3552 45.4
    Fully owned 2589 33.1
    Rented 1587 20.3
    Other tenure type 90 1.2
    Tenure Type
Census 2011, ABS
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