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Thornhill Park, VIC 3335
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$625,000
market range $575K-$700K
Median Unit
$515,000
Gross Yield (units)
3.9%
1yr Growth (houses)
+4.5%
market range -2.5% to +35.0%
Investment snapshot for Thornhill Park
Thornhill Park has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Thornhill Park market and investor summary
Thornhill Park (VIC 3335) runs a median house price of $625K. House prices have moved +4.5% over the past year and +0.7% over three years. At 5.5% vacancy, it is a softer rental market with more choice for tenants.
Demand is softer at 5.5% vacancy, so longer gaps between tenants are more likely and worth building into the numbers.
Living in Thornhill Park: people, income and schools
About 3,066 people live in Thornhill Park, and the area has been growing steadily, up about 169% over five years. The median age is 29, younger than the national median, and 72% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $104,000 a year, or roughly $2,010 a week. On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). At current prices a median house runs to roughly 6.0 times local household income, leaving more headroom than most capital-city markets.
There are 9 schools within about 5km, testing a little above the national school average on ICSEA. It is roughly 31 km from the CBD. It is fairly car-dependent; the suburb scores 15 for walkability out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 3,066
- +169% over 5yr
- Median age
- 29 years
- Median household income
- $104,000/yr
- Households renting
- 25%
- Family households
- 83%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 9
- avg ICSEA 1023
- Unemployment
- 5.7%
- Distance to CBD
- 31 km
- Walk score
- 15/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Thornhill Park
View all →Frequently asked questions about Thornhill Park
What should I check before investing in Thornhill Park?
Thornhill Park has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +4.5% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Thornhill Park?
The median property price in Thornhill Park, VIC 3335 is $625K for houses and $515K for units.
What rental yield does Thornhill Park show?
The gross rental yield in Thornhill Park is 3.9% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Thornhill Park?
House prices in Thornhill Park are up 4.5% over the past year and up 0.7% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Thornhill Park?
The current vacancy rate in Thornhill Park is 5.5%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Thornhill Park?
Thornhill Park has a population of approximately 3,066 residents, with a median age of 29.
What schools are near Thornhill Park?
There are 9 schools within roughly 5km of Thornhill Park. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Thornhill Park affordable to buy in?
A median house in Thornhill Park costs about 6.0 times the median local household income (more affordable than most capital-city markets). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Thornhill Park's population growing?
The population of Thornhill Park has grown about 169% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Thornhill Park from the CBD?
Thornhill Park is about 31 km from the CBD.
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