Investment property in Templestowe Lower has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -14.78%
Templestowe Lower,3107 was ranked 3084 in Australia by increase in median property value over the quarter.
Templestowe Lower3107 is located in VIC which offers an average discount of -6.82% to property investors. Templestowe Lower itself is showing figures that indicate -8.96% is the average achievable by property buyers investing in the suburb.
Using the current median advertised rental of $540 and the average annual increase in value of a median property of 6.90%, investors should hope to achieve an overall return of 2.69%
Property value increases in Templestowe Lower have tracked just lower than the VIC average of 0.10% over the last 12 months.
Comparing Templestowe Lower,3107 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.24% offered to property buyers. Sellers in Templestowe Lower itself are offering an average vendor discount of -9.96% to real estate investors.
A $500 per week rent on the median house gives suburb investors a gross yield of circa 3.50%, without taking into account capital value appreciation, which has been averaging out at 6.11%.