Suburb Profile Report for Templestowe Lower VIC (3107)

Templestowe Lower House: Median price $1,186,250, Annual capital growth 9.87%, Number of sales 176, Weekly median advertised rent $505

Templestowe Lower Unit: Median price $725,000, Annual capital growth 6.66%, Number of sales 59, Weekly median advertised rent $460

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

Source: CoreLogic

  • House Report
  • Unit Report

VIC has seen average median house prices change by 11.00% which means that Templestowe Lower, 3107 has done well for property investors by showing a capital gain of 9.84% over the last year

While Templestowe Lower,3107 ranked number 268th in VIC for increase in median house value (annualised) increase, it is ranked 47th over the last 5 years.

Templestowe Lower, 3107 is offering VIC ‘s 519th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this VIC.

With the median price for a house in Templestowe Lower being $1186250 and the advertised rent reaching $505 the gross rental yield for property investors calculates out to be 2.21%

Over the last year, property investments in Templestowe Lower, 3107 have given investors a capital gain of 0.00%. This compares badly with the 5.66% for VIC as a whole.

Taking the average capital gain, or increase in median house value, Templestowe Lower,3107 has racked up an average of 0.00% over the period. This ranks it number 359th in the whole country for real estate investors looking at median house price increases.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.68% offered to property buyers. Sellers in Templestowe Lower itself are offering an average vendor discount of -5.59% to real estate investors.

Often selling an investment property can take time, and in Templestowe Lower the average time real estate has been on the market is 72.35 days.

Metrics i HOUSE UNIT
$1,186,250 $725,000
3.15% 0.35%
9.84% 0.00%
9.87% 6.66%
$505 $460
176 59
2.21% 3.30%
56.6 72.35

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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