3074, Victoria

Real Estate & Property Information

Price Rank

thomastown Suburb Profile & Review

A growing multicultural area with a strong family base, Thomastown is known for its big backyards, schools, childcares centres, parks and reserves. As an established area with a diverse culture and direct access to the Western Ring Road and the Hume Freeway, Thomastown offers affordable housing prices and a peaceful suburban lifestyle only thirty minutes from the city.

Thomastown Station has undergone a considerable revamp to cater to the climbing commuter population, and suburban buses frequently travel to Epping, Bundoora and Northland Shopping Centre. The High Street shopping strip is conveniently placed by the train station, as are several restaurants and cafes, such as East Ocean Restaurant, a modern Asian eatery featuring a lively karaoke lounge. Other shopping centres can be found at the corner of Edgars Road and Main Street and on Settlement Road and Dalton Road.

Outdoor markets, boutique stores and sports meets are popular, with the Galada Tamboore Path and the Western Ring Road Trail providing facilities for recreational and commuting cyclists. The Thomastown Recreational and Aquatic Centre on Main Street boasts swimming pools, a fitness club and a multi-purpose sports court.

thomastown Demographic Data

$ 400,000 Median House Price

30 Minutes Average Commute

38 Median Age

20,331 Population

49.86 % Female

50.14 % Male




What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in thomastown, Victoria.

Learn more about data

thomastown Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

thomastown Median House Prices

  • 2008 $ 280,000
  • 2009 $ 328,000
  • 2010 $ 350,000
  • 2011 $ 416,000
  • 2012 $ 400,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

Learn more about data

thomastown 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in thomastown have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term thomastown property price predictions.

thomastown Market Property Types

  • 90 % Seperate House
  • 3 % Semi Detached
  • 6 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

Learn more about data

thomastown Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

thomastown Income & Mortgage Stats

  • $ 900 Median Weekly Household Income
  • $ 1,517 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in thomastown

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

Learn more about data

thomastown Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

thomastown Sold Property Prices

thomastown Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

thomastown Related Local Blog Posts

The Little-Known Secrets to Resume with Certifications

The Hidden Facts About Resume with Certifications Bear in mind though, potential employers understand that layoffs are a part of the company world game and so long as you explain yourself in a professional

The Little-Known Secrets to Resume with Certifications

The Hidden Facts About Resume with Certifications Bear in mind though, potential employers understand that layoffs are a part of the company world game and so long as you explain yourself in a professional

The the best possible Paper Topics Examples for the period of Newcomers

Only one Marketing campaign function to acquire Paper Topics Examples tactics You can just imagine essay subject collection for a two-step technique. And that means you do might need to acquire a subject! When you private a subject, it’s most effective to generate a top level view of views topics for term paper in economics.

The Fight Against Best Cheap Essay Writer

The Upside to Best Cheap Essay Writer Writing an essay is an important struggle in case you don’t understand the way to get it done by yourself. When you purchase essays on the internet you will have the capability to download them here after completion. An essay writing service offers them an perfect solution because

What to Expect From Best Essay Writer Online?

Essays on the internet is quite uncomplicated. You may want to be more careful in regards to selecting essay writer online. Gif you can get in touch with the very best online. You’re in a position to order paper online on the website and you could possibly be free from all worries. You are going

The Hidden Truth About Unity in Mathematics

The Meaning of Unity in Mathematics When you’ve been wrapped up in your research program for quite a while sometimes you eliminate a feeling of what it is that other folks don’t understand, he states. These topics would be quite tedious to manage in a straightforward way but the book indicates that there are easier

thomastown Restaurants

  • Tandoori Sizzler6 The Boulevard thomastown VIC 307403 9465 0387
  • Thomastown Kebab House265 High Streetthomastown VIC 307403 9464 4833
  • St Alexander's Kitchen130a Alexander Avethomastown VIC 307403 9078 6107

thomastown Cafes

  • The Provincial Bakehouse & CafeUnit 4, 71 Northgate Drivethomastown VIC 307403 9464 7842
  • Thomastown Coffee Bar6 The Boulevard thomastown VIC 307403 9465 0387
  • Big Bite CafeShop 1, 46 Commercial Drivethomastown VIC 307403 9466 1102

thomastown Schools

  • St. Johns Primary SchoolRegal Avenuethomastown VIC 3074(03) 9465 6066Catholic Primary School
  • St. Clares Primary SchoolHarbard Streetthomastown VIC 3074(03) 9465 8535Catholic Primary School
  • Baltara School27 Waratah Streetthomastown VIC 3074(03) 9465 2405Specialist School

thomastown Childcare

  • Thomastown Child Care Centre129 Edgars Roadthomastown VIC 3074
  • Thomastown Learning Centre113-115 Dalton Roadthomastown VIC 3074

thomastown Kindergarten and Preschools

  • Barry Road Preschool32 Barry Roadthomastown VIC 3074
  • Dalton Road Kindergarten149-151 Dalton Roadthomastown VIC 3074
  • Harbard Street KindergartenHarbard Streetthomastown VIC 3074

thomastown Sporting Centres and Clubs

  • Lalor, HR Uren Resthomastown VIC 3074Soccer Club
  • Barry Rd Tennis Clubthomastown VIC 3074Tennis Club & Courts
  • St. Lukes TCthomastown VIC 3074Tennis Club & Courts

Find out How Much your House is Worth in thomastown

Request a free market Basic Report for thomastown to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

Download Free Market Report
Share with friendsX