Real Estate Thornbury Vic 3071

Thornbury: Residential, Commercial, Parks, Schools

Housing Market in Thornbury

Key Thornbury Metrics & Forecast to 2028

Sources: Property Listings, VIC RENTALS and Microburbs, 2000 - 2023

Field	Value	VS Melbourne	Trend
Capital Growth Forecast: Houses	Premium	Premium	Premium
Capital Growth Forecast: Houses (2-Year Outlook)	Premium	Premium	Premium
Median yield for houses	Premium	Premium	Premium
Smart median rent: All houses	$803	Top 16%	221% to Apr 2026
Smart median sale price: All houses	Premium	Premium	Premium

Housing Supply in Thornbury

Thornbury Real Estate Investor Report

Sample Graphic

The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, Property Listings, PLANNING ALERTS and Microburbs, 2002 - 2023

Field	Value	VS Melbourne	Trend
Development applications	272	Top 13%	75% to Jun 2025
Developments	1.0	Bottom 33%	Data for Jul 2023
Housing Stock Quality Indicator	90.9	Top 2%	Data for May 2023
Total new residential buildings value (SA2)	Premium	Premium	Premium
Days on market: houses	Premium	Premium	Premium
Days on market: units	Premium	Premium	Premium
Number of Subdivisions	24 lots	Top 13%	140% to Jun 2023
Volume of houses sold in the last 30 days	Premium	Premium	Premium
Volume of units sold in the last 30 days	Premium	Premium	Premium
Stock on Market	53	Top 1%	2550% to Mar 2026

Housing Stock Quality in Thornbury

The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL, Property Listings and Microburbs, 2006 - 2023

Field	Value	VS Melbourne	Trend
Houses	51.8%	Bottom 4%	13% to Jan 2021
Average bedrooms - all homes	2.3	Bottom 34%	Data for Jan 2021
NBN connection: fibreoptic cable to node	0.0%	Bottom 37%	Data for Jun 2023

Development Restrictions in Thornbury

Thornbury Zoning Map

Sample Graphic

The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN, ABS and Microburbs, 2011 - 2023

Field	Value	VS Melbourne	Trend
Total area	5.1 sq km	Bottom 42%	Data for Jan 2021
Heritage overlay total area	0.6 sq km	Top 17%	Data for Jun 2023
Residential density	218 sqm per resident	Bottom 4%	Data for Jan 2021

Risk in Thornbury

Thornbury Risk Report

Sample Graphic

The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023

Field	Value	VS Melbourne	Trend
% Owner Occupied	66.8%	Bottom 4%	0 to May 2023
% Rentals	33.2%	Top 4%	1% to May 2023
Housing Affordability Index	57	Top 8%	Data for Jun 2023
Median monthly mortgage	$2,070	Top 42%	13% to May 2023
Rent Affordability Index (Houses)	75	Bottom 32%	Data for Jun 2023
Rent Affordability Index (Units)	77	Top 39%	Data for Jun 2023
Mortgage as a percent of income	25.7%	Top 31%	14% to Jan 2021
Mortgaged Dwellings	31.5%	Bottom 30%	8% to May 2023

Housing Demand in Thornbury

The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN, Property Listings and Microburbs, 1975 - 2030

Field	Value	VS Melbourne	Trend
Net internal migration (LGA)	Premium	Premium	Premium
Net overseas migration (LGA)	Premium	Premium	Premium
Future Population (SA2)	21800	Top 15%	13% to Dec 2036
Historical Population (SA3)	55400	Bottom 39%	20% to Dec 2023
Historical population growth	Premium	Premium	Premium
Population (LGA)	200000	Top 7%	57% to Dec 2030
Population Projection (LGA)	Premium	Premium	Premium
Auction clearance rate	Premium	Premium	Premium
Proportion of distressed listings	Premium	Premium	Premium
Vacancy rate	Premium	Premium	Premium

Unit Market in Thornbury

Thornbury Unit Investor Report

Sample Graphic

Sources: Property Listings, VIC RENTALS and Microburbs, 2000 - 2023

Field	Value	VS Melbourne	Trend
Capital Growth Forecast: Units	Premium	Premium	Premium
Capital Growth Forecast: Units (2-Year Outlook)	Premium	Premium	Premium
Median yield for units	Premium	Premium	Premium
Smart median rent: All units	$511	Top 34%	138% to Apr 2026
Smart median sale price: All units	Premium	Premium	Premium
Unit to house ratio	43.5%	Bottom 13%	32% to Apr 2026

Accommodation Options (3)

Realtors (6)

Headline	Place	Datetime
Building Masters Inspections	135 Smith St
Love & Co	770 High St
Self-Sell Pty Ltd	36 Dundas St
Site Matters Town Planning Consultants	117 Smith St
Thomas A. Riddell Pty Ltd	762 High St

Median House Rental Prices by Street (51)

Level_0	Street	Date	Median rent (per week)
27708	Fyffe St	28 Mar 2026	$753
27697	Francis Gr	28 Mar 2026	$1,167
27670	Fenwick St	28 Mar 2026	$732
27688	Flinders St	28 Mar 2026	$838
27755	Gooch St	28 Mar 2026	$721

Median Unit Sale Prices by Street (32)

Date	Median sale value	Street
28 Mar 2026	$414,200	Ballantyne St
28 Mar 2026	$488,300	Clapham St
28 Mar 2026	$539,700	Clarendon St
28 Mar 2026	$584,900	Clyde St
28 Mar 2026	$441,300	Collins St

LGA Details (1)

Headline	Place	Datetime
Local government area	Darebin

Median House Sale Prices by Street (45)

Street	Date	Median sale value
Agnes St	28 Mar 2026	$1,867,000
Alexandra St	28 Mar 2026	$1,538,000
Alston St	28 Mar 2026	$1,092,000
Armadale St	28 Mar 2026	$1,198,000
Aviary Gr	28 Mar 2026	$658,200

Turnover Rate by Street (84)

Turnover rate	Street	Turnover Label	Turnover Years	Year
40.0%	Hammond St	very tightly held	Every 25.0 years (very tightly held)	2026
49.3%	St Georges Rd	very tightly held	Every 20.3 years (very tightly held)	2026
38.5%	Alston St	very tightly held	Every 26.0 years (very tightly held)	2026
72.8%	Station St	average turnover	Every 13.7 years (average turnover)	2026
19.2%	Plow St	very tightly held	Every 52.0 years (very tightly held)	2026

Percent of Renters by Street (100)

Percent of Renters	Street
0.0%	Agg Street
12.7%	Alston Court
3.0%	Alston Ct
58.0%	Alston St
41.3%	Alston Street

Businesses (98)

Name	Address
TITLE Building Projects	50 Fyffe St, Thornbury VIC 3071, Australia
GJ Gardner Homes Melbourne Inner North	889 High St, Thornbury VIC 3071, Australia
Alternative Construction Group	329 Darebin Rd, Thornbury VIC 3071, Australia
Dimpat	2/55 McClure St, Thornbury VIC 3071, Australia
Axix Carpentry	241 Mansfield St, Thornbury VIC 3071, Australia

Planning Applications: Dwellings (57)

Headline	Place	Date
4 lot subdivision of property in accordance with 4 existing dwellings on site - Streamlined Planning through Electronic Applications and Referrals S264223T	15 Comas Grove, Thornbury VIC 3071	05 Mar 2026
Change of use to a Restricted recreation facility and to construct minor alterations to the existing building - Darebin City Council D/685/2025	327-331 Gooch Street Thornbury VIC 3071	06 Dec 2025
Development of a double storey side-by-side three townhouses with onsite parking and associated landscaping - Darebin City Council D/673/2025	188 Mansfield Street Thornbury VIC 3071	04 Dec 2025
The proposal seeks to change the use of the premises at 20 Ford Crescent, Thornbury VIC 3071 from offices to an educational centre for international students. Operating Monday to Friday between 9:00 a.m. And 5:30 p.m., the centre will accommodate up to 80 students and 4 staff within a 200m² floor area. The use supports social inclusion, multicultural engagement, and lifelong learning objectives outlined in Darebin’s strategic planning policies. It will also contribute to the local economy through employment opportunities and student spending. No external building changes are proposed, maintaining the site’s visual harmony with the surrounding residential area. The site is located within the Principal Public Transport Network (PPTN), offering excellent access to tram, bus, and train services. While planning regulations require 45 car spaces, only four on-site spaces will be provided, with the remainder justified through strong reliance on public transport, staggered schedules, and low car use by students and staff. Potential impacts - such as noise, traffic, and waste - are addressed through mitigation measures including acoustic treatments, daylight-only operations, sustainable transport initiatives, and minimal external lighting. The proposal is considered low-impact and aligned with both local and state planning policy, with a request for a waiver or reduction of the car parking requirement under Clause 52.06-3. - Darebin City Council D/634/2025	20 Ford Crescent Thornbury VIC 3071	18 Nov 2025
Section 72 Amendment to permit PD5876 issued on 21 March 1989, as follows: 1. Clause 32.08-2: Use of land for the purpose of a Place of Assembly (in addition to the existing childcare centre) 2. Clause 32.08-10: Construct a building or construct or carry out works (ground and first floor extensions to the existing building) for a use in Section 2 of Clause 32.08-2. 3. Amend what the Planning Permit allows and amend the Planning Permit Conditions and endorsed plans. - Darebin City Council D/2044/2025	2B Watt Street Thornbury VIC 3071	03 Oct 2025

Planning Applications: Other (43)

Headline	Place	Date
Removal of carriageway easement as shown on the plans accompanying the application. - Darebin City Council D/672/2025	140 Gooch Street Thornbury VIC 3071	04 Dec 2025
The proposal seeks to change the use of the premises at 20 Ford Crescent, Thornbury VIC 3071 from offices to an educational centre for international students. Operating Monday to Friday between 9:00 a.m. And 5:30 p.m., the centre will accommodate up to 80 students and 4 staff within a 200m² floor area. The use supports social inclusion, multicultural engagement, and lifelong learning objectives outlined in Darebin’s strategic planning policies. It will also contribute to the local economy through employment opportunities and student spending. No external building changes are proposed, maintaining the site’s visual harmony with the surrounding residential area. The site is located within the Principal Public Transport Network (PPTN), offering excellent access to tram, bus, and train services. While planning regulations require 45 car spaces, only four on-site spaces will be provided, with the remainder justified through strong reliance on public transport, staggered schedules, and low car use by students and staff. Potential impacts - such as noise, traffic, and waste - are addressed through mitigation measures including acoustic treatments, daylight-only operations, sustainable transport initiatives, and minimal external lighting. The proposal is considered low-impact and aligned with both local and state planning policy, with a request for a waiver or reduction of the car parking requirement under Clause 52.06-3. - Darebin City Council D/634/2025	20 Ford Crescent Thornbury VIC 3071	18 Nov 2025
Planning approval is being sought for the building and works and to display internally illuminated signage associated with a food and drink premises (Restaurant) at 863 High Street, Thornbury. - Darebin City Council D/633/2025	863 High Street Thornbury VIC 3071	18 Nov 2025
The proposal seeks to change the use of the premises at 20 Ford Crescent, Thornbury VIC 3071 from offices to an educational centre for international students. Operating Monday to Friday between 9:00 a.m. And 5:30 p.m., the centre will accommodate up to 80 students and 4 staff within a 200m² floor area. The use supports social inclusion, multicultural engagement, and lifelong learning objectives outlined in Darebin’s strategic planning policies. It will also contribute to the local economy through employment opportunities and student spending. No external building changes are proposed, maintaining the site’s visual harmony with the surrounding residential area. The site is located within the Principal Public Transport Network (PPTN), offering excellent access to tram, bus, and train services. While planning regulations require 45 car spaces, only four on-site spaces will be provided, with the remainder justified through strong reliance on public transport, staggered schedules, and low car use by students and staff. Potential impacts - such as noise, traffic, and waste - are addressed through mitigation measures including acoustic treatments, daylight-only operations, sustainable transport initiatives, and minimal external lighting. The proposal is considered low-impact and aligned with both local and state planning policy, with a request for a waiver or reduction of the car parking requirement under Clause 52.06-3. - Darebin City Council D/634/2025	20 Ford Crescent Thornbury VIC 3071	18 Nov 2025
Conversion of the carport to a storage space. A reduction of on-site car parking from one (1) space to zero. - Darebin City Council D/916/2014/A	5/84 St David Street Thornbury VIC 3071	07 Nov 2025

Recently Sold Houses (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
190 Harold St	$1,005,000	3.0	1.0		07 Feb 2026	On Market
51 Fenwick St	$1,590,000	4.0	2.0	2.0	04 Feb 2026	On Market
164 Dundas St	$1,800,000	3.0	2.0	2.0	03 Feb 2026	On Market
118 Normanby Ave	$1,265,000	3.0	1.0	3.0	31 Jan 2026	On Market
155b Gooch St	$2,150,000	4.0	3.0	2.0	27 Jan 2026	On Market

Recent Rental Unit Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
Unit 3, 94 Harold St	$450	1.0	1.0		06 Feb 2026
Unit 7, 79 Harold St	$450	1.0	1.0	1.0	05 Feb 2026
Unit 7, 76-80 Clyde St	$495	1.0	1.0	1.0	05 Feb 2026
Unit 7, 76-80 Clyde St	$495	1.0	1.0	1.0	05 Feb 2026
Unit 7, 79 Harold St	$450	1.0	1.0	1.0	05 Feb 2026

Recent Rental House Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
Unit 2, 308 Raleigh St	$650	2	1	1	06 Feb 2026
13 Gooch St	$820	2	1	3	06 Feb 2026
4 Martin St	$750	2	1		06 Feb 2026
Unit 4, 153 Ballantyne St	$850	3	2	1	06 Feb 2026
Unit 3, 51-53 Normanby Ave	$845	3	1	1	06 Feb 2026

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
Unit 3, 2 Smith St	$720,000	2.0	1.0	1.0	04 Feb 2026	On Market
Unit 3, 2 Smith St	$720,000	2.0	1.0	1.0	04 Feb 2026	On Market
15 Comas Gr	$2,140,000	7.0	4.0	2.0	29 Jan 2026	On Market
15 Comas Gr	$2,140,000	7.0	4.0	2.0	29 Jan 2026	On Market
15 Comas Gr	$2,140,000	7.0	4.0	2.0	29 Jan 2026	On Market

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