Suburb Profile Report for Templestowe Lower VIC (3107)

Templestowe Lower House: Median price $1,080,000, Annual capital growth 9.95%, Number of sales 184, Weekly median advertised rent $470

Templestowe Lower Unit: Median price $710,000, Annual capital growth 7.13%, Number of sales 75, Weekly median advertised rent $440

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Templestowe Lower, 3107 have given investors a capital gain of 12.50%. This compares favourably with the 7.80% for VIC as a whole.

While Templestowe Lower,3107 ranked number 373th in VIC for increase in median house value (annualised) increase, it is ranked 58th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Templestowe Lower is offering property investors an average of -6.04. This rate of discount on properties puts Suburb at number 313th in terms of most discounted suburbs in VIC

Often selling an investment property can take time, and in Templestowe Lower the average time real estate has been on the market is 56.4 days.

A $470 per week rent on the median house gives suburb investors a gross yield of circa 2.26%, without taking into account capital value appreciation, which has been averaging out at 9.95%.

Property investors who have had real estate in Templestowe Lower, 3107 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.41%

Templestowe Lower,3107 was ranked 381 in Australia by increase in median property value over the quarter.

Sellers are offering property buyers an average discount of -2.90% to buyers in Templestowe Lower at the moment, which is less than average for the rest of VIC.

Renters in Suburb are facing rents around $5280 per annum or $440 every week.

HOUSE UNIT
$1,080,000 $710,000
0.89% 2.90%
12.50% 4.41%
9.95% 7.13%
$470 $440
184 75
2.26% 3.22%
56.4 74.25

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
Find a mortgage broker in Templestowe Lower VIC
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
Chart Table
Recent sales & rentals