Strathmore vs Thornbury
Property investment comparison - Strathmore, VIC 3041 vs Thornbury, VIC 3071
Head-to-head across core investment metrics: Strathmore wins 0, Thornbury wins 5. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Strathmore | Thornbury |
|---|---|---|
| Median house price | $1.5M | $1.5M |
| Median unit price | - | $715K |
| Gross rental yield (houses) | 2.73% | 2.81% |
| Gross rental yield (units) | 4.40% | 4.55% |
| 1-year house growth | -5.5%estimate | +3.8%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 2.8% | 1.4% |
| Population | 8,980 | 19,005 |
Strathmore vs Thornbury: what the numbers say
The median house price is $1.5M in Strathmore and $1.5M in Thornbury, so Thornbury is the cheaper entry point, with Strathmore houses about 2% dearer.
On cash flow, Thornbury leads: houses there return a gross rental yield of 2.81%, compared with 2.73% in Strathmore, a gap of 0.08 percentage points.
Over the past year house prices moved -5.5% in Strathmore (an estimate) and +3.8% in Thornbury (an estimate), so recent momentum favours Thornbury, while Strathmore went backwards.
Rental vacancy is 1.4% in Thornbury and 2.8% in Strathmore, so landlords in Thornbury face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Thornbury is the bigger suburb, with a population of 19,005 against 8,980, roughly 2.1 times the size of Strathmore; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Thornbury for rental income, Thornbury for a lower purchase price, Thornbury for recent price momentum, Thornbury for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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