Thornbury is a well-established suburb in Victoria within the Darebin local government area (postcode 3071). With a population of 19,005, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $102K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Thornbury is $1.4 million, having risen modestly 1.4% over the past year. Units have a median price of $580,000 (-7.6% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 1.8%. 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.
From an investment perspective, Thornbury offers a gross rental yield of 1.8%, rated as low yield. Property prices are above the state median ($1.4M/$875K), placing it in the premium segment. The price-to-income ratio of 14.0x is considered stretched. House prices have moved +1.4% year-on-year.
Thornbury is a well-established suburb in Victoria within the Darebin local government area (postcode 3071). With a population of 19,005, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $102K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Thornbury is $1.4 million, having risen modestly 1.4% over the past year. Units have a median price of $580,000 (-7.6% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 1.8%. 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.
From an investment perspective, Thornbury offers a gross rental yield of 1.8%, rated as low yield. Property prices are above the state median ($1.4M/$875K), placing it in the premium segment. The price-to-income ratio of 14.0x is considered stretched. House prices have moved +1.4% year-on-year.