AREA REPORTS

Templestowe

Suburb Profile

Templestowe - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3106

house
unit

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 $1,360,000.

The upward trend in home prices in TEMPLESTOWE, 3106 averaged 8.41% per annum over a 3-year period.

Average weekly rents on listings have reached the $600 mark, reflecting a 2.29% increase in returns based on the current median price in TEMPLESTOWE.

An average of 14.33 real estate transactions take place per month in TEMPLESTOWE which translates to 172 per annum.

172 properties were sold in TEMPLESTOWE in 2016, making it the 514th most active market in VIC based on total real estate transactions.

TEMPLESTOWE, 3106 places 558th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,360,000 $813,000
GROWTH REPORT
Median Quarterly -2.16% -2.05%
Median 12 month -1.45% 12.92%
Median 3 years 25.23% 16.98%
Median 5 years 67.9% 41.64%
10 years average annual 6.46% 6.63%
Weekly media advert. rent $600 $460
Time on Market 63.1 days 73.8 days
Gross Rental Yield Percent 2.29% 2.94%
demographics (median values)
Total Population
16429
Weekly Household Income
1538
Household Size
3.00
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