If you compare the increase in value of investment property in Templestowe Lower, 3107 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -8.37%.
While Templestowe Lower,3107 ranked number 334th in VIC for increase in median house value (annualised) increase, it is ranked 422th over the last 5 years.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.94% offered to property buyers. Sellers in Templestowe Lower itself are offering an average vendor discount of -9.96% to real estate investors.
A $550 per week rent on the median house gives suburb investors a gross yield of circa 2.70%, without taking into account capital value appreciation, which has been averaging out at 6.08%.
At number 652th in the list of Australian suburbs ordered by increase in median house value over the last year, Templestowe Lower, 3107 is in the top half with a property value increase of -0.33% recorded in median house prices.
Templestowe Lower,3107 was ranked 508 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Templestowe Lower is offering property investors an average of -6.33. This rate of discount on properties puts Suburb at number 17th in terms of most discounted suburbs in VIC
In the last year 39 properties changed hands in Templestowe Lower, which puts it as the 180th most active market in VIC when comparing the number of sales per suburb.