3071, Victoria

Real Estate & Property Information

Price Rank

thornbury Suburb Profile & Review

Thornbury is constantly buzzing with life and culture, from its cosy cafes in Thornbury Village to its trendy clubs and pubs along High Street. Predominantly a home for professionals and students, the area is well placed for public transport, serviced by Thornbury Station and two trams which run frequently down High Street and St Georges Road into the city.

Though it is only a breezy twenty minutes from the city, Thornbury is an inner city haven surrounded by established parklands and open spaces like the Strettle Wetland Reserve and the Merri Creek Trail. Scenic views, cycling tracks and play areas are all available in abundance.

Home to a wealth of private and public schools, Thornbury is also a hub for sports fanatics, laying claim to the Darebin International Sports Centre in John Cain Memorial Park, which features four soccer fields, the State Cycling Centre velodrome and the State Lawn Bowls Centre. Peace and quiet can be found just a short walk away from the High Street shopping precinct, and the area is also complemented by smaller shopping strips along St Georges Road, Wales Street and Station Street, meaning an endless selection of coffee shops, milk bars, and quality services are at hand.

thornbury Demographic Data

$ 685,000 Median House Price

19 Minutes Average Commute

36 Median Age

17,434 Population

51.63 % Female

48.37 % 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 thornbury, Victoria.

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thornbury 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.

thornbury Median House Prices

  • 2008 $ 545,000
  • 2009 $ 563,500
  • 2010 $ 605,000
  • 2011 $ 710,000
  • 2012 $ 685,000

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.

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thornbury 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 thornbury 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 thornbury property price predictions.

thornbury Market Property Types

  • 59 % Seperate House
  • 8 % Semi Detached
  • 32 % Flat or Unit
  • 1 % 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.

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thornbury 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.

thornbury Income & Mortgage Stats

  • $ 1,276 Median Weekly Household Income
  • $ 2,000 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 thornbury

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.

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thornbury 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.

thornbury Sold Property Prices

thornbury 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.

thornbury Related Local Blog Posts

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Have Australians become a bunch of Whingers?

  Melbourne Auction Results 11th of September 2017 73% Clearance Rate 836 Reported Auctions Sold at Auction: 523     Passed in: 194     Sold Before: 99     Sold After: 0     Postponed 14       Source:REIV   Melbourne Market Wrap March 11th September , 2017 The REIV reported 836 properties

Melbourne’s Daily Average Visitors Nearing 1 Million

According to Population Estimates and Forecasts report nearly one million people will be visiting Melbourne on an average weekday within the next five years

Is Housing Affordability Creating A Gap Between The Rich and The Poor?

Australia’s political parties are using housing affordability as a platform to boost their popularity and polarise the community, but is this a local issue? Low interest rate cycles globally have pushed asset prices up, so how will this affect our market?

Households under Mortgage Stress Could Surpass 800,000

The latest unemployment figure releases last week show the Australian economy is growing but is this true? We scratch the surface and look at the problem with our wage growth, our youth unemployment and why many households are suffering mortgage stress.

thornbury Restaurants

  • Umberto Espresso Bar822 High Streetthornbury VIC 307103 9484 8654
  • The Thornbury Local635 High St thornbury VIC 307103 9495 0341
  • The Moor's HeadRear 774 High Stthornbury VIC 307103 9484 0173

thornbury Cafes

  • Pearl Oyster114 Miller Stthornbury VIC 307103 9480 2500
  • Kitschen Pantry128 Mansfield Stthornbury VIC 307103 9484 0503
  • Kau541 High Stthornbury VIC 307103 9004 3588

thornbury Schools

  • Holy Spirit Primary School197 Clarendon Stthornbury VIC 3071(03) 9480 0391 Catholic Primary School
  • St. Marys Primary School2 Mansfield Streetthornbury VIC 3071(03) 9484 5333Catholic Primary School
  • Distance Education Centre315 Clarendon Streetthornbury VIC 3071(03) 8480 0000Specialist School

thornbury Childcare

  • ABC Learning Centre99-101 Harold Streetthornbury VIC 3071
  • Merri Community CCC313 St Georges Roadthornbury VIC 3071
  • Raleigh Street Child Minding Ctr28 Raleigh Streetthornbury VIC 3071

thornbury Kindergarten and Preschools

  • Clyde Street Kindergarten70 Clyde Streetthornbury VIC 3071

thornbury Sporting Centres and Clubs

  • Thornburythornbury VIC 3071Bowling Club
  • Darebin Citythornbury VIC 3071Bowling Club
  • State Centre Lawn Bowlsthornbury VIC 3071Bowling Club

thornbury Retirement Villages

  • Medina Manor Hostelthornbury VIC 3071

Find out How Much your House is Worth in thornbury

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