Unit 1, 3 NEWTON STREET Thomastown VIC 3074
This property is Off Market
- The Average property price in this area is $838,744, this is based on recent transactions.
- Internet speed Download 100 Mbps / Upload 40 Mbps
- Distance to the coast 15.64 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Potential Land Contamination risk
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
About Thomastown
With an average age of 38, households expect an average monthly mortgage payment of $1,539 or a weekly rent payment of $351. The average family earns a weekly income of $1,419 with a typical household size of 2.3 and a 93.93% employment rate.
Consistent high demand relative to supply is a key feature in Thomastown driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Thomastown due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Thomastown changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in Thomastown to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Thomastown we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Thomastown a better buying opportunity than it may have been in the past.
Public Transport
Stop 61: Bundoora Park
Lalor
Thomastown
Stop 61: Bundoora Park
Stop 62: Bundoora Metropolitan Fire Brigade
Stop 62: Bundoora Metropolitan Fire Brigade
Stop 63: Greenwood Drive
Stop 63: Greenwood Drive
Ruthven
Reservoir
General Points of Interest
Hall's Taekwondo Centre
Corpus Christi Tennis Club
Strathallan Golf Club
Cambellfield Plaza
Link the Two in '92
Olympic Leisure
Foundation Square
Pentridge Prison Main Gate
YMCA Macleod Recreation and Fitness Centre
La Trobe University (Bundoora Campus)
Population
(Country of Birth not stated 4%)
Are people healthy?
There are a recorded 2322 asthma sufferers and 2013 people living with diabetes. In addition, 1532 people have a heart/vascular condition and 2660 people live with three or more chronic diseases.A good place to invest in property?
Thomastown a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
Victoria State average 44 / 100
Income
32 / 100
52 / 100
Industry
12 / 100
17 / 100
Population
16 / 100
32 / 100
House Prices
85 / 100
70 / 100
Jobs
22 / 100
34 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
-
School CatchmentsThomastown Secondary College Thomastown Primary School
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St Luke's School
Lalor, VIC, 3075 Independent Prep-6
Property Story
Unit 1, 3 Newton Street, Thomastown, Vic, 3074 is a residential property with 3 bedrooms, 1 bathrooms and 1 Parking spaces. The estimated value of this home is $670,000 while properties of this type typically sell for between $500,000 and $1,050,000 in this suburb. The estimated distance to the sea is 15.64km and at least 2.72KM to vegatation considered to be a factor in bushfire risk.Local Developments
To see the latest development applications
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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