Suburb Profile Report for Templestowe Lower VIC (3107)

Templestowe Lower House: Median price $1,110,000, Annual capital growth 10.19%, Number of sales 167, Weekly median advertised rent $460

Templestowe Lower Unit: Median price $678,000, Annual capital growth 6.63%, Number of sales 57, Weekly median advertised rent $440

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Templestowe Lower, 3107 should be relatively pleased 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 11.00%

Comparing Templestowe Lower,3107 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Templestowe Lower3107 is located in VIC which offers an average discount of -6.04% to property investors. Templestowe Lower itself is showing figures that indicate -4.46% is the average achievable by property buyers investing in the suburb.

With the median price for a house in Templestowe Lower being $1110000 and the advertised rent reaching $460 the gross rental yield for property investors calculates out to be 2.15%

VIC has seen average median house prices change by 3.19% which means that Templestowe Lower, 3107 has done well for property investors by showing a capital gain of -3.14% over the last year

Templestowe Lower,3107 has offered an average of -3.14% return per annum in house price rises to property investors over the last three years.

Templestowe Lower, 3107 is offering VIC ‘s 176th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.

On average over the past year, suburb has had 4.75 sales per month, which equates to 57 per year.

Situated 13.89km from the CBD, Templestowe Lower is one of Manningham localities in the postcode 3107.

HOUSE UNIT
$1,110,000 $678,000
2.78% -3.83%
11.00% -3.14%
10.19% 6.63%
$460 $440
167 57
2.15% 3.37%
59.52 75.86

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (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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Recent sales & rentals