Thornhill Park

Thornhill Park, a relatively new and developing suburb, is located approximately 29 km west of Melbourne’s Central Business District. It falls within the City of Melton. This suburb is characterised by its rapid development and is increasingly popular among new home buyers, especially families and first-time homeowners.

Demographic Profile

• Population: As of the 2021 census, Thornhill Park had a population of around 3,066, reflecting its status as a growing community.
• Predominant Age Group: Attracts a young demographic, with many families and young professionals.
• Median Household Income: As a developing suburb, the median household income is evolving, generally aligning with the broader trends of the City of Melton.
• Occupancy: High homeownership rate, with many residents moving into newly constructed homes.

Real Estate and Growth

• Median House Prices: As a new development area, house prices are generally more affordable than inner Melbourne suburbs. The median house price is around AUD 500,000 – 600,000.
• Median Unit Prices: The suburb primarily features standalone houses and townhouses, focusing less on apartment-style living.
• Rental Market: The rental market is emerging, with house rents averaging around AUD 350 – 400 per week.
• Market Trends: Thornhill Park is experiencing rapid growth in property values due to its new developments and increasing popularity among home buyers.

Education and Lifestyle

• Schools: The suburb plans several new educational facilities to cater to the growing population. Nearby schools in surrounding suburbs are currently serving the community.
• Local Vibe: Known for its family-friendly atmosphere, new parks and community facilities being developed.
• Community Insights: Appreciated for its open spaces, modern housing, and potential for future growth and development.

Transportation

• Public Transport: Public transport options are currently limited, but improvements are planned as the suburb develops.
• Accessibility: Good access to major highways, making it easy to commute to the Melbourne CBD and surrounding areas.

Notable Features

• Proximity to Shopping Centers: Access to shopping centres in nearby suburbs, with plans for local shopping facilities as the suburb grows.
• Recreational Areas: Emphasis on outdoor living with new parks, playgrounds, and recreational areas being developed.

Thornhill Park is a dynamic and growing suburb, ideal for those seeking affordable housing options in a developing community. Its rapid expansion, focus on family living, and potential for future amenities make it an attractive choice for many looking to settle in a new and evolving part of Melbourne.