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Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,630,000.
The upward trend in home prices in TEMPLESTOWE, 3106 averaged 8.17% per annum over a 3-year period.
Average weekly rents on listings have reached the $690 mark, reflecting a 2.2% increase in returns based on the current median price in TEMPLESTOWE.
An average of 18.25 real estate transactions take place per month in TEMPLESTOWE which translates to 219 per annum.
219 properties were sold in TEMPLESTOWE in 2016, making it the 470th most active market in VIC based on total real estate transactions.
TEMPLESTOWE, 3106 places 584th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||14.79%||19.48%|
|Median 3 years||24.52%||6.59%|
|Median 5 years||27.17%||23.61%|
|10 years average annual||7.56%||5.66%|
|Weekly media advert. rent||$690||$450|
|Time on Market||50.9 days||69.2 days|
|Gross Rental Yield Percent||2.2%||2.63%|