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Thomastown is an established northern suburb with post-war housing, a substantial industrial employment base and generous blocks. It remains one of the more affordable options within reasonable reach of the city.
Thomastown is a value market and a strong first home buyer suburb. Prices sit comfortably within scheme thresholds, and unlike much of Melbourne a house on a proper block remains achievable for buyers entering the market.
The suburb also has a high proportion of self employed residents, many running small businesses connected to the local industrial area. That shapes a good deal of the lending work we do here, because business income is assessed very differently between lenders and the same figures can produce materially different borrowing capacity.
Blocks are generous by metropolitan standards, which means development and subdivision come up regularly. As always, that potential only counts toward borrowing if you are pursuing development finance rather than a standard home loan.
A house on a proper block is still achievable for first buyers, and prices sit within scheme caps.
A high proportion of business owners here. Add-backs and lender choice make a large difference.
Development and subdivision come up regularly. Funding assessed on permits, not current use.
Whatever stage you are at, there is a path through it. Pick the one that sounds like you.
Most want two years of tax returns and financials for you and any entity, plus recent business activity statements. Some will work with one year, particularly if you were previously employed in the same field. Low doc options exist where returns are not yet lodged, though they carry higher rates.
It can, since lenders assess on declared income. However legitimate add-backs help considerably: depreciation, one-off expenses, extra superannuation contributions and interest on debt being refinanced can often be added back. Which ones a lender accepts varies, which is why comparing matters.
Frequently yes. Thomastown prices generally sit within the scheme caps for houses, not just units, which distinguishes it from much of Melbourne. Whether it works depends on your borrowing capacity and deposit, which we can establish quickly.
Some lenders apply postcode policies in various parts of Melbourne and it is worth checking rather than assuming. Where one applies the effect is a reduced maximum loan, meaning a larger deposit with that lender specifically. Others treat the area entirely normally.
Book a free consultation and we will walk you through your options, what you can borrow, and what it will cost.
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Serving clients across Australia.
Authorised Representative no. 525 778
Specialist Financial Group Australian Credit Licence no. 387025
Lydian Financial Services Victoria
Suite 1/103 Grimshaw Street, Greensborough VIC 3088, Australia
Level 12, 15 Collins Street Melbourne VIC 3000, Australia
Copyright © LYDIAN FINANCIAL SERVICES PTY LTD 2026. All Right Reserved.