Thornbury is a settled mid-to-large suburb in Victoria within the Darebin local government area (postcode 3071). The area has roughly 19,005 residents and a mix of families and early-career residents, with a median age of 37. Households earn a median income of $102K per year, with an average household size of 2.3 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.0% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Irish.
The median house price in Thornbury is $1.4 million, having moved lower by 3.5% over the past year. Units have a median price of $550,000 (-5.2% YoY). The current median weekly rent is $525. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $2,200.
Thornbury is served by 7 schools, including 5 primary, 1 secondary, 1 combined. The average ICSEA score is 1084, which is above the national average of 1,000. Public transport access includes 14 rail stations, 69 bus stops. The crime rate in the Darebin LGA is higher than average at 10,706 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 2.0% (low yield). Property prices are above the state median ($1.4M/$875K), placing it in the premium segment. The price-to-income ratio of 13.5x is considered stretched. House prices have moved -3.5% year-on-year. Population growth of +2.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.