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Thomson, VIC 3219

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 Thomson, VIC 3219 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

3BR

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 “Thomson, VIC 3219”

  1. The total adult population (15 years or older) of Thomson 3219 VIC is 1,403, with a median age of 38. Of those, 26.51% are married, 16.46% are divorced or separated, 52.03% are single and 4.78% are widowed.

    The average household size is 1.9 people per dwelling, and the median household monthly income is estimated to be $6,580. The median monthly mortgage repayment for households in this suburb is $1,408 which is 21.40% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in VIC, the suburb of Thomson, postcode 3219, is home to an estimated 1,003 households. As we enter Q3 2023, the typical house price in this location is standing at $539,566. Furthermore, the median weekly rent in the suburb is $385, which amounts to an indicative yield of 3.71% – a promising rate for prospective investors seeking cashflow-centered opportunities.

    The IRSAD score of Thomson is rated at 910 out of 1,217 which paints a picture of its socio-economic quality. This relatively high score demonstrates fair access to economic resources, decent income levels, and a skilled population. However, the renter to owner ratio in Thomson is found to be 51%, indicating a high proportion of renters which could affect the ‘vibe’ of the neighbourhood and present a challenging market to investors due to potential competition.

    The suburb boasts a favourable units-to-houses ratio, standing at 11%. This lower ratio implies less competition amongst landlords for tenants, thereby assisting in maintaining a high rental yield. That being said, the affordability index for houses in Thomson is recorded at 32 years, highlighting a slightly less affordable market than usual, perhaps signifying an increase in property prices relative to incomes.

    As far as supply metrics go, Thomson demonstrates a low stock on market Percentage sitting at 0.12% which highlights a low supply of houses – an advantageous aspect for sellers in the market. The inventory level for houses also indicates a low supply, averaging just 0.35 months. Moreover, the building approvals Ratio for Thomson homes indicates a low supply with a percentage of 0.12%.

    In terms of demand, there’s a bit of a mixed bag here. The days on market for houses averages a substantial 112 days, suggesting low demand. However, contradicting this, the combined vacancy rate for houses and units sits at a comfortable 1.75%, indicating a fairly balanced supply-demand dynamic. In terms of online search activity, the buy search index for houses stands robustly at 6, signifying high demand in Thomson, and ensuring the suburb remains under the property buyers’ radar.

    Therefore, Thomson seems to offer not only property fundamentals but also supply-demand dynamics that could appeal to both homeowners and investors with a long-term view. As always though, it’s essential to keep monitoring market data and trends to make the most informed real estate investment decisions. It well may be that some properties in Thomson with favourable individual characteristics could perform above the suburb median. Finally, to make your property market research easier, consider using tools like the HtAG Analytics Relative Composite Score which efficiently automates the data-crunching process for 80+ metrics.

    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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