Suburb Profile Report for Templestowe Lower VIC (3107)

Templestowe Lower House: Median price $1,142,790, Annual capital growth 10.11%, Number of sales 196, Weekly median advertised rent $495

Templestowe Lower Unit: Median price $722,500, Annual capital growth 7.40%, Number of sales 58, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Templestowe Lower, 3107 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 6.80%.

Over the longer term, Templestowe Lower has seen property prices show investors a 44.66% return over the last 3 years. This is worse than over the last 12 months

At number 441th of VIC’s most discounted properties, Templestowe Lower is in the TOP 30% of the state/territory when listing in order of most discounted to least.

At number 1221 in a list of fastest selling suburbs, Templestowe Lower is in the TOP 40% of suburbs in Australia with an average of days on market 64.02 for properties listed there.

Situated 14.19km from the CBD, Templestowe Lower is one of Manningham localities in the postcode 3107.

At number 1164th in the list of Australian suburbs ordered by increase in median house value over the last year, Templestowe Lower, 3107 is in the BOTTOM 40% with a property value increase of -0.69% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Templestowe Lower,3107 has racked up an average of -0.69% over the period. This ranks it number 354th in the whole country for real estate investors looking at median house price increases.

Property buyers and investors in Templestowe Lower 3107 should be seeing an average reduction in asking price of around -4.51% . This means that Templestowe Lower is holding prices well when compared to other suburbs in VIC.

At number 794 in a list of fastest selling suburbs, Templestowe Lower is just in the bottom half of suburbs in Australia with an average of days on market 79.72 for properties listed there.

Renters in Suburb are facing rents around $5400 per annum or $450 every week.

Metrics i HOUSE UNIT
$1,142,790 $722,500
3.75% 3.36%
6.80% -0.69%
10.11% 7.40%
$495 $450
196 58
2.25% 3.24%
64.02 79.72

Source: CoreLogic

DSR Score for property investment : Good (H), Very 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
Chart Table
Recent sales & rentals