Over the last year, property investments in Templestowe Lower, 3107 have given investors a capital gain of 12.50%. This compares favourably with the 7.80% for VIC as a whole.
While Templestowe Lower,3107 ranked number 373th in VIC for increase in median house value (annualised) increase, it is ranked 58th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Templestowe Lower is offering property investors an average of -6.04. This rate of discount on properties puts Suburb at number 313th in terms of most discounted suburbs in VIC
Often selling an investment property can take time, and in Templestowe Lower the average time real estate has been on the market is 56.4 days.
A $470 per week rent on the median house gives suburb investors a gross yield of circa 2.26%, without taking into account capital value appreciation, which has been averaging out at 9.95%.
Property investors who have had real estate in Templestowe Lower, 3107 should be ok 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 4.41%
Templestowe Lower,3107 was ranked 381 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -2.90% to buyers in Templestowe Lower at the moment, which is less than average for the rest of VIC.
Renters in Suburb are facing rents around $5280 per annum or $440 every week.