Thomastown VIC 3074

Here you can find what you need to know about Thomastown, VIC, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$600k Median Sale Price (National Average $485k) 355th In VIC
-3.69% Median Price Change (1 yr) (National Average 4.30%) 2562nd In VIC
$380pw Median Rent (National Average $395) 423rd In VIC
3.3% Median Gross Yield (National Average 4.24%) 355th In VIC
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Properties sold 160
Average discounting -6.71%
Average Days on Market 73
Stock on Market 21 for sale

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

Example Only
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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Thomastown, VIC National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Thomastown, VIC National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Thomastown, VIC National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Development Permits for Houses

Building permits are provided for council approved development applications. Where the available permits contain the type of development, date of submission, the date of approval, estimated build cost, estimated development area, builder and materials listed.

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Property Prices in Thomastown


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Latest Auction Results for Thomastown as at 31 May 2020

Property Details
Sale Price
3Bed / 1Bath / 6Car / House
$645,000

State Auction Clearance Rates - May 2020

Auctions Clearance rate
VIC 198 70%
ACT 24 71%
NSW 361 65%
NT 1 100%
QLD 77 36%
SA 15 53%
TAS 0 0%
WA 12 0%

Local Schools


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Suburb Information

Thomastown, VIC 3074

Part of: Whittlesea Council No data available

The size of Thomastown is approximately 14.8 square kilometres. It has 14 parks covering nearly 2.9% of total area. The population of Thomastown in 2011 was 20,330 people. By 2016 the population was 20,482 showing a population growth of 0.7% in the area during that time. The predominant age group in Thomastown is 20-29 years. Households in Thomastown are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Thomastown work in a labourer occupation. In 2011, 72.6% of the homes in Thomastown were owner-occupied compared with 68.5% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Thomastown

Demographic data provided
by Australian Bureau of Statistics


Market Trends for Thomastown   for Houses in last 12 months


There have been 160 Houses sold in Thomastown in the past 12 months with a median sale price of $614K, up 8.3% annually. It takes on average 47 days to sell with vendor discounting of -0.07%.

Streets in Thomastown


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