Thomastown is a large suburb in Victoria within the Whittlesea local government area (postcode 3074). With a population of 20,234, the suburb has an established demographic with a median age of 39. Households earn a median income of $64K per year, with an average household size of 2.6 people. The most common occupations are technicians & trades, labourers, professionals. The top ancestries reported are Italian, Australian, English.
The median house price in Thomastown is $720,000, having increased 4.2% over the past year. Units have a median price of $515,000 (+8.4% YoY). The current median weekly rent is $495. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,690.
Thomastown is served by 8 schools, including 7 primary, 1 secondary. The average ICSEA score is 990, which is around the national average of 1,000. Public transport access includes 12 rail stations, 102 bus stops. The crime rate in the Whittlesea LGA is moderate at 7,048 incidents per 100,000 population.
From an investment perspective, Thomastown offers a gross rental yield of 3.6%, rated as moderate yield. Property prices are near the state median ($720K/$875K). The price-to-income ratio of 11.3x is considered stretched. House prices have moved +4.2% year-on-year.
Thomastown is a large suburb in Victoria within the Whittlesea local government area (postcode 3074). With a population of 20,234, the suburb has an established demographic with a median age of 39. Households earn a median income of $64K per year, with an average household size of 2.6 people. The most common occupations are technicians & trades, labourers, professionals. The top ancestries reported are Italian, Australian, English.
The median house price in Thomastown is $720,000, having increased 4.2% over the past year. Units have a median price of $515,000 (+8.4% YoY). The current median weekly rent is $495. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,690.
Thomastown is served by 8 schools, including 7 primary, 1 secondary. The average ICSEA score is 990, which is around the national average of 1,000. Public transport access includes 12 rail stations, 102 bus stops. The crime rate in the Whittlesea LGA is moderate at 7,048 incidents per 100,000 population.
From an investment perspective, Thomastown offers a gross rental yield of 3.6%, rated as moderate yield. Property prices are near the state median ($720K/$875K). The price-to-income ratio of 11.3x is considered stretched. House prices have moved +4.2% year-on-year.