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%