VIC has seen average median house prices change by -1.79% which means that Thornbury, 3071 has not done well for property investors by showing a capital gain of -9.28% over the last year
Thornbury,3071 has offered an average of -9.28% return per annum in house price rises to property investors over the last three years.
Thornbury3071 is located in VIC which offers an average discount of -6.90% to property investors. Thornbury itself is showing figures that indicate -4.58% is the average achievable by property buyers investing in the suburb.
Giving property investors a a stable capital gain of 4.67% for the last year, Thornbury, 3071 is the 350th highest performer in Australia in this respect.
Across a shorter period, Thornbury, 3071 has seen a median price increase of 0.90% over the last quarter.
At number 117th of VIC’s most discounted properties, Thornbury is in the middle of the state/territory when listing in order of most discounted to least.
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Housing supply hits a high note
Median house price: $1,153,250
Stock on market: 22.2%
12-month growth: 17.7%
A large suburb less than 10km from Melbourne, Thornbury is a busy area undergoing significant growth.
Housing supply has risen in this prestige suburb over the past year leading up to July 2017, likely due to burgeoning interest. The median house price exceeds $1m, but values continue to spike. Moreover, the average discount rate is low, indicating that despite low rental yields, buyers see a lot of potential here.
Thornbury is known for the High Street shopping area in Thornbury Village, which serves as the centre of the suburb. A lively environment is created by the presence of restaurants, cafes, bars and the suburb’s rich alternative music scene. Cyclists can also take the Merri Creek Trail and Darebin Creek Trail for beautiful views of nature.
Various tram routes connect Thornbury to Melbourne and St Kilda.