Suburb Profile Report for Templestowe VIC (3106)

Templestowe House: Median price $1,301,000, Annual capital growth 8.06%, Number of sales 186, Weekly median advertised rent $570

Templestowe Unit: Median price $710,000, Annual capital growth 7.22%, Number of sales 50, Weekly median advertised rent $395

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Templestowe has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.42%

Across a shorter period, Templestowe, 3106 has seen a median price increase of 3.46% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Templestowe is offering property investors an average of -5.87. This rate of discount on properties puts Suburb at number 142th in terms of most discounted suburbs in VIC

Often selling an investment property can take time, and in Templestowe the average time real estate has been on the market is 52.73 days.

With the median price for a house in Templestowe being $1301000 and the advertised rent reaching $570 the gross rental yield for property investors calculates out to be 2.28%

Templestowe, 3106 ranked 294th in VIC when comparing growth in median property values or capital gain over the last 12 months. Templestowe is one of 2098 in our list for VIC

If we look at median property appreciation over just the last three months, Templestowe has given property investors a paper return of 0.00%. This puts Suburb as 209 on a list of fastest fasting appreciating suburbs in VIC

Property buyers and investors in Templestowe 3106 should be seeing an average reduction in asking price of around -4.11% . This means that Templestowe is holding prices well when compared to other suburbs in VIC.

On average over the past year, suburb has had 4.17 sales per month, which equates to 50 per year.

Metrics i HOUSE UNIT
$1,301,000 $710,000
3.46% 0.00%
8.42% -2.61%
8.06% 7.22%
$570 $395
186 50
2.28% 2.89%
52.73 48.48

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 16483
Median household income ($/weekly) 1788
Median age of persons 43
Median housing loan repayment ($/monthly) 2167
Average household size 3
  • Census Count Percent(%)
    5-14 years 1903 11.5
    35-44 years 1987 12.1
    45-54 years 2598 15.8
    55-64 years 2422 14.7
    65-74 years 1666 10.1
    Others 5907 35.8
    Age Group
    Census Count Percent(%)
    Registered Married 7630 59.1
    Not Married 4814 37.3
    Defacto Relationship 463 3.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 9948 62.2
    Croatia 744 4.7
    Japan 485 3.0
    United Kingdom 564 3.5
    Other 838 5.2
    Others 3407 21.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 553 3.6
    Christianity 10544 68.6
    Hinduism 237 1.5
    Islam 558 3.6
    No Religion 3141 20.4
    Others 330 2.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 577 12.3
    $2,000-$2,499 447 9.5
    $2,500-$2,999 640 13.6
    $3,000-$3,499 361 7.7
    $4,000 or more 433 9.2
    Others 2250 47.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4992 37.2
    Not in the labour force 4770 35.5
    Employed, worked part-time 2818 21.0
    Employed, away from work 448 3.3
    Unemployed, looking for work 393 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 1500 18.2
    Professionals 2286 27.7
    Technicians & trades workers 776 9.4
    Clerical & administrative workers 1302 15.8
    Sales 1009 12.2
    Others 1385 16.8
    Occupation
    Census Count Percent(%)
    Pre-school 248 5.9
    Infants/Primary 1240 29.5
    Secondary 1294 30.7
    Technical or Further Educational Institution 248 5.9
    University or other Tertiary Institutions 1061 25.2
    Others 119 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 14059 89.8
    Semi-detached, row or terrace house, townhouse 1060 6.8
    Flat, unit or apartment 529 3.4
    House or flat attached to a shop, office 3 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2632 49.9
    Being purchased 1972 37.4
    Rented 605 11.5
    Other tenure type 62 1.2
    Tenure Type
Census 2011, ABS
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