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City of Whittlesea
Thomastown

Thomastown Property Market
& Suburb Profile

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MEDIAN PRICES IN THOMASTOWN

Median house price

(all agencies, last 12 months)$778k*

House price change

(all agencies, last 12 months)+7.99%

Median unit price

(all agencies, last 12 months)$570k*

Unit price change

(all agencies, last 12 months)+9.62%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

THOMASTOWN PRICE TRACKER

HousesUnits

THOMASTOWN SALES OVERVIEW

  • Sold by Auction 78%
  • Sold by Private Sale or Other Method 22%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)30

Average days on market (units)

(all agencies, 12 months)30

Auction clearance rate in Thomastown

(all agencies, last 12 months)77%

Average held period in Thomastown

(proptrack)14 years

THOMASTOWN INVESTOR STATISTICS

Median rental price for Houses

(all agencies, last 12 months)$550pw

House rental price change

(all agencies, last 12 months)0.04%

Median rental price for Units

(all agencies, last 12 months)$478pw

Unit rental price change

(all agencies, last 12 months)0.03%

Average rental yield for Houses

(all agencies, last 12 months)3.65%

Average rental yield for Units

(all agencies, last 12 months)4.62%

Thomastown total population size

(as at the last census)20,234

Median household size in Thomastown

(as at the last census)2.6

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

THOMASTOWN PROPERTY TYPES

  • Houses 48%
  • Units 19%
  • Other 33%

OCCUPANCY IN THOMASTOWN

  • Owned 68%
  • Rented 29%
  • Other/Not Stated 3%
  • Singles 24%
  • Families 73%
  • Other 3%

CURIOUS TO KNOW WHAT YOUR PROPERTY IS WORTH TODAY?

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ABOUT THOMASTOWN

Thomastown is a resilient and diverse residential and industrial hub located northeast of the Melbourne CBD. Historically settled by German immigrants in the mid-19th century, it has evolved into a well-established multicultural neighborhood known for its spacious allotments, strong manufacturing sector, and central position within the City of Whittlesea.

The lifestyle in Thomastown is centered on a blend of tradition and active community connection. Social life is anchored by the High Street retail strip and the Main Street precinct, which feature an eclectic mix of European-style bakeries, multicultural grocers, and local cafes. For recreation, residents enjoy expansive green spaces such as the HR Uren Recreation Reserve and the Thomastown Recreation and Aquatic Centre (TRAC), which serves as a major regional destination for swimming and fitness. The suburb is also home to the historically significant Westgarthtown enclave - a heritage-protected pioneer village that includes the oldest Lutheran church in Australia and original stone farmhouses, providing a unique cultural link to the area's early European history.

Significant urban renewal and infrastructure projects are currently enhancing the suburb's livability. A major focus is the revitalization of The Boulevard streetscape, a project aimed at creating a safer and more inviting shopping environment through wider footpaths, increased tree canopy, and raised pedestrian crossings to slow traffic and improve access to the nearby railway station. Additionally, the suburb is benefiting from large-scale regional health investments, specifically the multi-million dollar expansion of the Northern Hospital in neighboring Epping, which is delivering world-class emergency and mental health facilities for the northern corridor. These upgrades are complemented by improvements to local transport links, including the modernization of the rail corridor and enhancements to major arterials like Dalton Road and the Metropolitan Ring Road.

Education and community engagement are cornerstone features of the neighborhood. The suburb is served by a comprehensive network of schools, including Thomastown Primary, Thomastown West Primary, and Thomastown Meadows Primary, all of which foster strong local connections. Thomastown Secondary College acts as the regional educational hub, recognized for its commitment to individual excellence and its diverse student body. These institutions are supported by various community facilities, such as the Thomastown Library and the local Community Hub, which offer lifelong learning programs and social support services that reflect the suburb's vibrant multicultural demographic.

From a property perspective, Thomastown is a stable and high-demand market characterized by its "tightly held" nature and high rate of owner-occupation. The housing stock is a desirable mix of original 1960s and 70s brick veneer homes, mid-century bungalows, and an increasing number of modern townhouse developments that cater to young families and first-home buyers. The market is defined by its generous land sizes and its relative affordability compared to the inner-northern suburbs, making it a perennial favorite for those seeking space and long-term capital growth. With its unique combination of heritage significance, elite transport access, and ongoing streetscape renewals, Thomastown remains a premier choice for a balanced suburban lifestyle in Melbourne’s north.

Education

Lalor East Primary School
St Clare's School
St John XXIII Primary School
Thomastown East Primary School
Thomastown Meadows Primary School
Thomastown Primary School
Thomastown Secondary College
Thomastown West Primary School
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SALES COMPARISON

Find out how Thomastown median sales prices compare to neighbouring suburbs.

THOMASTOWN MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
20260-no change0$0pw%
2025390$673,7507.99%424$514pw4.13%
2024337$620,0003.37%356$497pw4.38%
2023291$592,000-3.26%370$456pw4.15%
2022303$620,0000.49%547$396pw3.68%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
20260-no change
2025390$673,750+7.99%
2024337$620,000+3.37%
2023291$592,000-3.26%
2022303$620,000+0.49%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
20260$0pw%
2025424$514pw4.13%
2024356$497pw4.38%
2023370$456pw4.15%
2022547$396pw3.68%

PROUDLY SERVICING Thomastown

Barry Plant
Thomastown

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 December 2024 to 31 December 2025, last updated 31 December 2025.