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Thornbury, VIC 3071

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If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Thornbury, VIC 3071 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Thornbury, VIC 3071”

  1. The total adult population (15 years or older) of Thornbury 3071 VIC is 16,200, with a median age of 37. Of those, 33.37% are married, 9.67% are divorced or separated, 52.28% are single and 4.67% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $10,852. The median monthly mortgage repayment for households in this suburb is $2,200 which is 20.27% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in VIC, THORNBURY 3071 is home to approximately 10,285 households. During the third quarter of 2023, houses in THORNBURY are typically trading at a price of $1,460,337 with a corresponding median rent of $707 per week. The resultant indicative yield is 2.52% which, although slightly under the 3% benchmark, may be desirable for certain investors seeking other property attributes or banking on potential capital gains.

    The socio-economic status of THORNBURY is quite robust with an IRSAD score of 1083 out of a possible 1217, reflecting a relatively high standard of living, sound economic resource access and a sizable percentage of skilled professions. Other key fundamental metrics include a renter to owner ratio of 42% and a units to houses ratio of 39%, both slightly above the desirable benchmarks of 30% and 50% respectively, yet potentially attractive to investors seeking a balanced tenant mix and property type distribution.

    With regard to affordability, THORNBURY is noted to be less affordable than other suburbs with an index of 53 years, surpassing the typical 30-year mortgage period. This suggests that homebuyers in this suburb may require a lengthier timeframe to fully own their properties. Such markets, although less affordable for homebuyers, can present opportunities for property investors seeking higher rental yields due to the impeded purchase ability of potential homeowners.

    Supply-side metrics in THORNBURY showcase a highly favourable environment with a stock on market Percentage of just 0.17% which is below the desirable 0.4%, suggesting a limited property supply. The inventory for houses sits at a low 0.65 months indicating a very absorbent market. There’s a slight influx of new building approvals with a ratio of 0.44% but it’s within the favourable range under 0.3%.

    Furthermore, a low average of 20 days on market reinforces a high-demand environment, powered by avid property seekers. This is complemented by a low vacancy rate of just 0.79% which signifies an exceptionally high property occupancy rate. However, the buy search index sits at 4 resembling a neutral demand from online searchers.

    In summary, THORNBURY 3071 presents a mixed bag for property investors with a balance of slightly under benchmark but acceptable fundamental metrics and highly favourable supply-demand dynamics. Each investor should carefully consider these metrics in line with their individual risk profile and investment strategy.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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