methodology for how we research and verify." cover_alt: “Thomastown lifestyle” cover_credit: “wikimedia_commons” figures: [{“position”: “Rental Yield Summary”, “url”: “https://upload.wikimedia.org/wikipedia/commons/4/4b/Earlwood_Court%2C_Thomastown.jpg”, “alt”: “Rental Yield Summary”, “credit”: “wikimedia_commons”, “score”: 70}, {“position”: “Gross vs Net: The Real Numbers”, “url”: “https://upload.wikimedia.org/wikipedia/commons/4/4b/Earlwood_Court%2C_Thomastown.jpg”, “alt”: “Gross vs Net: The Real Numbers”, “credit”: “wikimedia_commons”, “score”: 70}] —## Rental Yield Summary
| Property Type | Median Price | Weekly Rent | Gross Yield | Net Yield (est) |
|---|---|---|---|---|
| Houses | $621,899 | $336/wk | 2.8% | 1.0% |
| Units | $292,855 | $217/wk | 3.9% | 2.4% |
Gross vs Net: The Real Numbers
Gross yield is what most headlines quote. Net yield is what you actually keep after costs.
Annual costs that eat your yield:
- Council rates: $2590/year
- Insurance (landlord): $1,200-1,800/year
- Property management (7-8%): $1,310/year
- Maintenance allowance (1%): $6,218/year
- Vacancy (2-4 weeks/year): $1,008/year
Net annual income (house): $5,434 Net yield: 1.0%
Vacancy Rate
Current vacancy: 2.6%
Tight market – tenants compete for properties. Expect minimal vacancy between tenants.
How Thomastown Compares
| Suburb | House Yield | Unit Yield |
|---|---|---|
| Thomastown | 2.8% | 3.9% |
| Melbourne average | 3.2% | 4.1% |
| Box Hill | 2.5% | 4.1% |
