Suburb Profile Report for Templestowe Lower VIC (3107)

Templestowe Lower House: Median price $1,101,000, Annual capital growth 9.94%, Number of sales 174, Weekly median advertised rent $483

Templestowe Lower Unit: Median price $680,000, Annual capital growth 6.84%, Number of sales 57, Weekly median advertised rent $430

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

Source: CoreLogic

  • House Report
  • Unit Report

Templestowe Lower is an average performer in VIC when comparing median price capital growth over the last year. Templestowe Lower gave property investors a average capital gain figure when compared to the rest of the state, with 7.04%.

If we look at median property appreciation over just the last three months, Templestowe Lower has given property investors a paper return of 0.09%. This puts Suburb as 509 on a list of fastest fasting appreciating suburbs in VIC

Property investors looking for a bargain in Templestowe Lower should be aiming for at least -4.87% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Templestowe Lower have been waiting around 60.79 days to sell a property.

Advertised rents are around the $482.5 mark per week – giving a return of 2.28% based on the median price in Suburb

Investment property in Templestowe Lower has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.23%

Across a shorter period, Templestowe Lower, 3107 has seen a median price increase of 0.00% over the last quarter.

Templestowe Lower3107 is located in VIC which offers an average discount of -5.08% to property investors. Templestowe Lower itself is showing figures that indicate -3.80% is the average achievable by property buyers investing in the suburb.

Property investors should expect to get $430 weekly from the median priced house in this suburb.

HOUSE UNIT
$1,101,000 $680,000
0.09% 0.00%
7.04% -4.23%
9.94% 6.84%
$483 $430
174 57
2.28% 3.29%
60.79 75.35

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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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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