Suburb Profile Report for Templestowe Lower VIC (3107)

Templestowe Lower House: Median price $1,288,000, Annual capital growth 9.04%, Number of sales 167, Weekly median advertised rent $500

Templestowe Lower Unit: Median price $850,000, Annual capital growth 7.29%, Number of sales 57, Weekly median advertised rent $465

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 16.48% for the last 12 months, Templestowe Lower, 3107 has performed for property investments than its average annual 9.04% property growth over the last 5 years.

A 93.68% growth in median value for property investors in Templestowe Lower,3107 puts this suburb at number 102th in terms of best performing suburbs in VIC

Property buyers and investors in Templestowe Lower 3107 should be seeing an average reduction in asking price of around -4.78% . This means that Templestowe Lower is holding prices well when compared to other suburbs in VIC.

At number 703 in a list of fastest selling suburbs, Templestowe Lower is in the TOP 20% of suburbs in Australia with an average of days on market 47.37 for properties listed there.

Using the current median advertised rental of $500 and the average annual increase in value of a median property of 9.04%, investors should hope to achieve an overall return of 2.02%

Over the last year, property investments in Templestowe Lower, 3107 have given investors a capital gain of 22.57%. This compares very favourably with the 7.87% for VIC as a whole.

Comparing Templestowe Lower,3107 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

At number 1st of VIC’s most discounted properties, Templestowe Lower is in the bottom 10% of the state/territory when listing in order of most discounted to least.

Situated 13.67km from the CBD, Templestowe Lower is one of Manningham localities in the postcode 3107.

Metrics i HOUSE UNIT
$1,288,000 $850,000
5.57% 14.47%
16.48% 22.57%
9.04% 7.29%
$500 $465
167 57
2.02% 2.84%
47.37 71.93

Source: CoreLogic

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