Suburb Profile Report for Thomastown VIC (3074)

Thomastown House: Median price $586,750, Annual capital growth 6.53%, Number of sales 172, Weekly median advertised rent $380

Thomastown Unit: Median price $436,850, Annual capital growth 5.00%, Number of sales 33, Weekly median advertised rent $350

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Thomastown is in the bottom 20% in VIC when comparing median price capital growth over the last year. Thomastown gave property investors a dismal capital gain figure when compared to the rest of the state, with -10.42%.

Across a shorter period, Thomastown, 3074 has seen a median price increase of -2.21% over the last quarter.

Vendor discounting in Thomastown is giving property investors an average Vendor Discount of around -6.07%. This puts suburb at number 384th in VIC when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Thomastown the average time real estate has been on the market is 69.7342 days.

Using the current median advertised rental of $380 and the average annual increase in value of a median property of 6.53%, investors should hope to achieve an overall return of 3.37%

If you compare the increase in value of investment property in Thomastown, 3074 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was -0.43%.

If we look at median property appreciation over just the last three months, Thomastown has given property investors a paper return of 3.27%. This puts Suburb as 98 on a list of fastest fasting appreciating suburbs in VIC

Property buyers and investors in Thomastown 3074 should be seeing an average reduction in asking price of around -2.80% . This means that Thomastown is holding prices well when compared to other suburbs in VIC.

At number 189 in a list of fastest selling suburbs, Thomastown is in the TOP 20% of suburbs in Australia with an average of days on market 58.3182 for properties listed there.

Thomastown, 3074’s gross rental yield is 4.17%

Metrics i HOUSE UNIT
$586,750 $436,850
-2.21% 3.27%
-10.42% -0.43%
6.53% 5.00%
$380 $350
172 33
3.37% 4.17%
69.7341772151899 58.3181818181818

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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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