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Suburb Insights ยท VIC 3071

Thornbury 3071, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Thornbury is a well-established middle-ring suburb of Melbourne, Australia, with a population of approximately 19,005, making it a smaller community. Located approximately 7 km from the Melbourne CBD, Thornbury is a middle ring area in Victoria. The median household income is $102,492 AUD per year (ABS 2021 Census).

Investment Score

72 / 100 Good

Above-average earnings in Thornbury support sustained property values. Its proximity to the CBD adds a strong location premium.

Location

Map shows Thornbury, Victoria, Australia.

Key Indicators

Postcode
3071

Official Australia Post postcode for Thornbury. A postcode may cover multiple suburbs.

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Population
19,005

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$391/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$102,492/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
7 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
5

Estimated 5 schools within or near this suburb based on ABS 2021 data.

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Parks & green spaces
8

Estimated 8 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$2,200/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
46% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

Thornbury's middle-ring location balances affordability with accessibility. These suburbs often benefit from established infrastructure, good schools, and transport links โ€” making them attractive to families and long-term tenants. The median rent of $391/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $2,200/month. A median household income of $102,492/year supports premium property values and indicates a well-employed resident base.

Investment Strategy

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Buy & Hold

Solid fundamentals in Thornbury support capital growth over a medium to long hold period.

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Rental Yield

Rental yields in Thornbury are moderate โ€” screen for properties that offer above-average returns.

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Renovation / Flip

Older housing stock in Thornbury combined with strong buyer demand creates solid renovation upside.

Risk Factors

Run the numbers on a Thornbury property

Full Property Analysis

30-year projections for Thornbury

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Strong Rental Demand: Moderate Investor Sentiment: Strong

The outlook for capital growth in Thornbury is encouraging heading into 2026, driven by constrained supply and buyer competition. Rental demand is expected to be stable, though landlords may need to remain competitive on pricing. Thornbury remains on the radar of active property investors in Victoria.

Frequently Asked Questions

Is Thornbury a good suburb for investment?

Thornbury is a middle ring area in Victoria with a population of 19,005. The median rent is $391/week and the median household income is $102,492/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Thornbury?

Key demand drivers in Thornbury include established amenities and transport access. 46% of dwellings are separate houses. The area has approximately 5 schools and 8 parks nearby.

What is the population of Thornbury?

According to the ABS 2021 Census, Thornbury has a population of approximately 19,005. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Thornbury from the Melbourne CBD?

Thornbury is approximately 7 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). This close proximity means excellent access to employment, dining, and entertainment.

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