Thornbury
The median rent for a 2-bedroom unit in Thornbury is $520 a week for leases that started in the year to September 2025, up 4.0% on a year earlier. That is 5% below the typical 2-bedroom unit rent across Melbourne ($550). The median sale price in the Mar 2026 quarter was $1,392,000 for a house and $675,000 for a unit. A year of rent for that home is about 4.5% of its median sale price (gross rental yield).
Median rent in Thornbury
| Home | Rent a week | Change over a year | New leases |
|---|---|---|---|
| 1-bedroom unit | $400 | +5.3% | 263 |
| 2-bedroom unit | $520 | +4.0% | 276 |
| 3-bedroom unit | $748 | +3.9% | 44 |
| 2-bedroom house | $650 | 0.0% | 74 |
| 3-bedroom house | $798 | +2.3% | 102 |
| 4-bedroom house | $960 | +1.1% | 24 |
* Based on fewer than 20 new leases in the year, so it can swing a lot.
Median sale price
| Type | Median price | Period |
|---|---|---|
| House | $1,392,000 | Mar 2026 quarter |
| Unit | $675,000 | Mar 2026 quarter |
† Fewer than 10 sales. ‡ No sales that quarter, so an earlier figure is shown.
Suburbs with similar rent
- Avondale Heights $520 a week
- Ferntree Gully $520 a week
- Keilor East $520 a week
- Mitcham $520 a week
- Nunawading $520 a week
- Ringwood $520 a week