Named after a farm established in the area in 1884, Thornlie is a large residential suburb 15 km south-east of Perth’s city centre. It is surrounded by Maddington, Langford, Huntingdale and Canning Vale, with the boundaries being clearly defined by the Canning River, Roe Highway, Garden Street and Warton Road. It’s conveniently located for residents with destinations like Perth Airport,Fiona Stanley Hospital, the Swan River and Ellis Brook Valley Reserve being located within a 20 minute drive.
Thornlie is considered a well established suburb with construction beginning back in the 1950s. This has continued over time so there is a mixture of new and old. For families with children there are a number of schools within the suburb offering private and public education. Sacred Heart Primary School, South Thornlie Primary School and Thornlie Senior High School are three options, all conveniently located along Ovens Road. A South Metropolitan TAFE campus is located in Thornlie and the closest university is Murdoch University. For healthcare, there are a variety of medical centres as well as specialist clinics including dentists, chiropractors and physiotherapists.
For sports fans, Thornlie has a range of recreational facilities including a baseball park, sporting ovals and basketball courts. There’s a golf course on the other side of the highway, and it’s only a short drive to the Riverton Waterplex and Cannington Waterplex. Shopping is easy due to the conveniently located Forest Lakes Shopping Centre, which has multiple supermarkets, a tavern, takeaway food, a pharmacist and small retail stores.
Luke and Julian each have over 20 years of property investment experience.
In recent times, house prices in Thornlie have steadily grown while prices for units and apartments have tended to be more stagnant. Rental prices across the board have increased. Overall, the number of homes available for rent is lower than the state average, with more residents choosing to own their home. This suggests there could be some competition among potential tenants, as well as a general desire from people moving into the suburb to buy.
The residents of Thornlie are well spread among the age groups meaning there are people there from all stages of life including young families, families with older children, empty nesters and retirees. Based on data from the Australian Bureau of Statistics, many residents work blue collar or administrative jobs, with the median rent and mortgage being below the state average. This demographic may provide good opportunities for investors in the early stages of developing a property portfolio or people looking for a suburb that could be ripe for redevelopment.
As was mentioned earlier, development in Thornlie started in the 1950’s. Construction work on housing estates continued all the way through to the 2000’s, with large parcels of land being developed one at a time. This means that there are a range of house ages and block sizes in Thornlie, with everything from newer units to older homes on 700 m² to 900 m² blocks. This provides a range of opportunities for investors, including the potential to subdivide a larger block, renovate an older home for profit or buy a newer property to rent out.
If Thornlie has truly captured your attention as a potential investment location then it’s time to start thinking about the next logical step. Our advocates are equipped with the expert knowledge and experience to assess your financial objectives and assist you in locating real estate investment opportunities that suit your needs, no matter where you are on your property investment journey.
When you have a buyer’s advocate from our team at your side, you can rest easy knowing their main concern is helping you. We will take into account all of the relevant financial considerations and assist you in negotiating with sellers throughout the process. You can discuss strategies and create a plan to maximise returns, which can include provisions for how to best mitigate any potential issues that are found along the road.
Having a buyers agent at your side is well worth it when you consider the overall benefit they can bring to you, your finances and your overall experience when investing in property. Why risk it alone, when you can have an expert on your team. To find out more about Thornlie property market, contact us today.