Suburb Profile Report for Templestowe Lower VIC (3107)

Templestowe Lower House: Median price $1,102,000, Annual capital growth 9.88%, Number of sales 175, Weekly median advertised rent $485

Templestowe Lower Unit: Median price $693,500, Annual capital growth 6.95%, Number of sales 66, Weekly median advertised rent $438

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

Source: CoreLogic

  • House Report
  • Unit Report

Templestowe Lower, 3107 ranked 401th in VIC when comparing growth in median property values or capital gain over the last 12 months. Templestowe Lower is one of 2098 in our list for VIC

A 57.43% growth in median value for property investors in Templestowe Lower,3107 puts this suburb at number 486th in terms of best performing suburbs in VIC

Sellers are offering property buyers an average discount of -4.50% to buyers in Templestowe Lower at the moment, which is less than average for the rest of VIC.

Often selling an investment property can take time, and in Templestowe Lower the average time real estate has been on the market is 63.29 days.

Property investors should expect to get $485 weekly from the median priced house in this suburb.

Templestowe Lower has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -2.32% to date .

While Templestowe Lower,3107 ranked number 247th in VIC for increase in median house value (annualised) increase, it is ranked 90th over the last 5 years.

Templestowe Lower, 3107 is offering VIC ‘s 214th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.

A $437.5 per week rent on the median house gives suburb investors a gross yield of circa 3.28%, without taking into account capital value appreciation, which has been averaging out at 6.95%.

Metrics i HOUSE UNIT
$1,102,000 $693,500
0.18% -0.86%
7.06% -2.32%
9.88% 6.95%
$485 $438
175 66
2.29% 3.28%
63.29 78.3

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 13152
Median household income ($/weekly) 1429
Median age of persons 44
Median housing loan repayment ($/monthly) 2150
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 1372 10.4
    35-44 years 1897 14.4
    45-54 years 1705 13.0
    55-64 years 1545 11.7
    65-74 years 1713 13.0
    Others 4919 37.4
    Age Group
    Census Count Percent(%)
    Registered Married 5913 58.6
    Not Married 3738 37.0
    Defacto Relationship 442 4.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 7809 62.4
    Croatia 697 5.6
    Hong Kong 528 4.2
    Japan 472 3.8
    Other 622 5.0
    Others 2396 19.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 529 4.3
    Christianity 8599 70.1
    Hinduism 157 1.3
    Islam 262 2.1
    No Religion 2522 20.6
    Others 196 1.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 373 8.9
    $800-$999 372 8.9
    $1,500-$1,999 533 12.7
    $2,000-$2,499 425 10.1
    $2,500-$2,999 424 10.1
    Others 2074 49.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 4237 40.4
    Employed, worked full-time 3711 35.4
    Employed, worked part-time 1914 18.2
    Employed, away from work 342 3.3
    Unemployed, looking for work 289 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 942 15.8
    Professionals 1733 29.1
    Technicians & trades workers 666 11.2
    Clerical & administrative workers 936 15.7
    Sales 657 11.0
    Others 1031 17.3
    Occupation
    Census Count Percent(%)
    Pre-school 224 8.0
    Infants/Primary 901 32.0
    Secondary 740 26.3
    Technical or Further Educational Institution 212 7.5
    University or other Tertiary Institutions 628 22.3
    Others 111 3.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10536 85.9
    Semi-detached, row or terrace house, townhouse 1277 10.4
    Flat, unit or apartment 437 3.6
    House or flat attached to a shop, office 11 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2365 52.2
    Being purchased 1473 32.5
    Rented 665 14.7
    Other tenure type 27 0.6
    Tenure Type
Census 2011, ABS
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