Thinking about buying in Thomastown? Now could not be a better time, with 12416 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $839,000 with prices in this suburb ranging from $261,000 to $11,411,000. The aproximate distance to the coast is 13 Km.

Thomastown Real Estate Market Outlook

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.

Houses for sale Thomastown

	unit 2, 76 cedar st, thomastown, vic, 3074	3	2	2	$740,000
	unit 1, 200 high st, thomastown, vic, 3074	2	1	1	From $349,000 - $739,000
	33 westall st, thomastown, vic, 3074	3	2	1	Price on Application
	2 ainwick cr, thomastown, vic, 3074	3	2	4	705000
	9 lindley ct, thomastown, vic, 3074	3	1	4	600000
	217 the boulevard, thomastown, vic, 3074	3	1	2	500000
	unit 1, 7 alexander av, thomastown, vic, 3074	2	1	1	500000
	240 high st, thomastown, vic, 3074	2	2	1	495000
	unit 1, 3 newton st, thomastown, vic, 3074	3	1	2	570000

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General Points of Interest

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