Suburb Spotlight - Thomastown VIC 3074

Suburb Overview

The suburb of Thomastown is located within the City of Whittlesea. It is located 17 kilometres north of Melbourne's Central Business District and in total occupies an area of 14.7 square kilometres.


Suburb Map

Map of Thomastown
Source: Google Maps

The information that follows has been taken from Australian Bureau of Statistics (ABS) census data.
The numbers shown in brackets relate to Australia's aggregate data and is therefore a useful comparison.

Suburb Demographics

The suburb of Thomastown has a population of 20 234. The distribution of males compared to females is 50.3% and 49.7% respectively.

The median age of people living in the suburb is 39. This compares with the Australian median age of 38. The largest median age group in Thomastown is between 30-34 years.

Culture & Language Diversity

43.6% of residents in the suburb of Thomastown were born in Australia. This compares with 66.9% of residents Australia-wide. Excluding Australia, the top 3 countries of birth of residents in Thomastown are:

  1. India 6.2% (2.6%)
  2. Italy 5.9% (0.6%)
  3. North Macedonia 5.5% (0.2%)

29.5% of households only speak English at home in Thomastown, compared with 72.0% Australia-wide. The top 3 languages other than English spoken at home in Thomastown include:

  1. Arabic 9.8% (1.4%)
  2. Macedonian 7.8% (0.3%)
  3. Vietnamese 7.6% (1.3%)

16.2% of residents in Thomastown have no religious affiliations. This compares with 38.4% of Australians. Excluding no religion, the top 3 religious affiliations of residents in Thomastown are:

  1. Catholic 22.8% (20.0%)
  2. Islam 15.2% (3.2%)
  3. Eastern Orthodox 14.7% (2.1%)

Income

The median household income in Thomastown is $1 225 compared to the Australian median of $1 746.

Family

Family couples with children 42.1% are the dominant family structure in Thomastown, compared with 43.7% Australia-wide. Furthermore, this was followed by family couples without children 35.4% (38.8%), and single-parent families 20.1% (15.9%).

Dwellings

84.3% (72.3%) of dwellings in the suburb of Thomastown are separate houses. Semi-detached, terrace houses, townhouses, flats and apartments make up 15.6% (26.8%) of other dwellings.

The dominant number of bedrooms per dwelling in Thomastown is 3, with 62.9% (39.0%). This is followed by 4 or more bedroom dwellings 20.1% (34.8%).

67.8% (66.0%) of dwellings are either owned outright or with a mortgage in the suburb of Thomastown, whilst 28.7% (30.6%) are rented.

39.6% (36.2%) of households have 1 registered motor vehicle. Additionally, 33.6% (36.3%) of households have 2 registered motor vehicles.


Suburb Market Performance

The recent market performance for the most dominant dwelling type, for instance, a 3-bedroom house in the suburb of Thomastown can be seen below.

Suburb Market Performance
Source: https://www.domain.com.au/suburb-profile/thomastown-vic-3074

Gross Rental Yield

The Gross Rental Yield for all houses in Thomastown is currently 2.7% and for all units is 2.9%.

Gross Rental Yield
Source: https://sqmresearch.com.au/property-rental-yield.php?postcode=3074&t=1

Residential Vacancy Rates

The Residential Vacancy Rate for all property types in the suburb of Thomastown is 1.4%.

Residential Vacancy Rates
Source: https://sqmresearch.com.au/graph_vacancy.php?postcode=3074&t=1

Stock on Market

Total property listings and time on the market for Thomastown can be seen in the chart below.

Stock on Market
Source: https://sqmresearch.com.au/total-property-listings.php?postcode=3074&t=1

To review the data above in detail, feel free to explore the ABS, Domain and SQM Research websites.


You can find previously completed Suburb Spotlights here.


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