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City of Melton

Thornhill Park

Thornhill Park Property Market
& Suburb Profile

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MEDIAN PRICES IN THORNHILL PARK

Median house price

(all agencies, last 12 months)$590k*

House price change

(all agencies, last 12 months)-1.66%

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

THORNHILL PARK price TRACKER

Houses0

Thornhill Park sales overview

  • Sold by Auction 36%
  • Sold by Private Sale or Other Method 64%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)53

Auction clearance rate in Thornhill Park

(all agencies, last 12 months)50%

Average held period in Thornhill Park

(proptrack)1 years

Thornhill Park Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$488pw

Median rental price for Units

(all agencies, last 12 months)$450pw

Unit rental price change

(all agencies, last 12 months)0.02%

Average rental yield for Houses

(all agencies, last 12 months)4.15%

Average rental yield for Units

(all agencies, last 12 months)4.79%

Thornhill Park total population size

(as at the last census)3,066

Median household size in Thornhill Park

(as at the last census)3

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

Thornhill Park property types

  • Houses 66%
  • Other 34%

OCCUPANCY in Thornhill Park

  • Owned 72%
  • Rented 25%
  • Other/Not Stated 3%
  • Singles 14%
  • Families 83%
  • Other 2%

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About Thornhill Park

Thornhill Park is a rapidly emerging and popular residential suburb located approximately 29 kilometres west of the Melbourne CBD, offering a contemporary, master-planned lifestyle that appeals strongly to young families, first-home buyers, and long-term investors.

The suburb is defined by its new residential estates, featuring modern, quality-built detached houses and townhouses, with a strong focus on creating a cohesive, family-focused community through integrated infrastructure and amenity.

Residents benefit from the planned development of extensive local facilities, including multiple new primary schools, childcare centres, and local town centres designed to provide essential retail and services, ensuring the suburb is quickly becoming self-sufficient.

Connectivity is a major strength for commuters, as the suburb is immediately adjacent to the upgraded Rockbank Train Station on the Ballarat V/Line corridor, providing an essential rail link, complemented by swift vehicular access to the Western Freeway for a straightforward drive to the city.

Furthermore, the development includes abundant green spaces, parks, and recreational facilities, such as the future sporting oval and wetlands, supporting an active, outdoor community lifestyle.

For investors, Thornhill Park presents a dynamic and attractive market with high capital growth potential, driven by its strategic location near transport infrastructure and its ongoing transformation into a major, modern urban centre.

Education

Thornhill Park Primary School
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Sales Comparison

Find out how Thornhill Park median sales prices compare to neighbouring suburbs.

Thornhill Park MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
2025236$295,000-1.66%464$469pw4.47%
2024264$294,500-3.44%469$487pw4.33%
2023173$542,5003.39%400$464pw4.13%
2022152$295,0009.27%252$419pw3.75%
2021162$269,975-0.01%216$392pw3.60%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
2025236$295,000-1.66%
2024264$294,500-3.44%
2023173$542,500+3.39%
2022152$295,000+9.27%
2021162$269,975-0.01%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
2025464$469pw4.47%
2024469$487pw4.33%
2023400$464pw4.13%
2022252$419pw3.75%
2021216$392pw3.60%

PROUDLY SERVICING Thornhill Park

NEWS & INSIGHTS

Your Guide to Victoria's Upcoming Rental Reforms: What You Need to Know

Five things to consider when choosing an investment property

Handy tips for the first home buyer

*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 October 2024 to 31 October 2025, last updated 31 October 2025.