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Templestowe
AREA REPORTS

Templestowe

Templestowe - 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 $1,565,000.

The upward trend in home prices in TEMPLESTOWE, 3106 averaged 4.61% per annum over a 3-year period.

Average weekly rents on listings have reached the $675 mark, reflecting a 2.24% increase in returns based on the current median price in TEMPLESTOWE.

An average of 15.33 real estate transactions take place per month in TEMPLESTOWE which translates to 184 per annum.

184 properties were sold in TEMPLESTOWE in 2016, making it the 527th most active market in VIC based on total real estate transactions.

TEMPLESTOWE, 3106 places 350th in Australia based on median property value growth during the quarter.

Data report can be found below

Templestowe
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,565,000 $850,000
GROWTH REPORT
Median Quarterly 4.68% 6.65%
Median 12 month 11.79% 11.26%
Median 3 years 13.82% 4.29%
Median 5 years 30.42% 18.06%
10 years average annual 7.2% 3.81%
Weekly media advert. rent $675 $470
Time on Market 65.9 days 64.2 days
Gross Rental Yield Percent 2.24% 2.88%
demographics (median values)*
Total Population
16618
Weekly Household Income
1916
Household Size
2.90
Age
45
Monthly Loan Repayment
2167
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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