If you compare the increase in value of investment property in Templestowe Lower, 3107 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 6.44%.
Comparing Templestowe Lower,3107 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Our latest figures would indicate that property sellers in Templestowe Lower are currently offering property investors an average price cut of -4.61% below the asking price at the moment.
In the last year 178 properties changed hands in Templestowe Lower, which puts it as the 133th most active market in VIC when comparing the number of sales per suburb.
Situated 14.17km from the CBD, Templestowe Lower is one of Manningham localities in the postcode 3107.
Templestowe Lower, 3107 ranked 259th 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
If we look at median property appreciation over just the last three months, Templestowe Lower has given property investors a paper return of -4.24%. This puts Suburb as 320 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 -4.18% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 4.50 sales per month, which equates to 54 per year.
With the median price for a house in Templestowe Lower being $689500 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 3.32%