Suburb Profile Report for Templestowe Lower VIC (3107)

Templestowe Lower House: Median price $1,100,544, Annual capital growth 10.08%, Number of sales 178, Weekly median advertised rent $480

Templestowe Lower Unit: Median price $689,500, Annual capital growth 6.79%, Number of sales 54, Weekly median advertised rent $440

  • 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 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%

HOUSE UNIT
$1,100,544 $689,500
1.90% -4.24%
6.44% -0.72%
10.08% 6.79%
$480 $440
178 54
2.27% 3.32%
61.57 78.69

Source: CoreLogic

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