Templestowe

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 $1,608,000.

The downward trend in home prices in TEMPLESTOWE, 3106 averaged -0.25% per annum over a 3-year period.

Average weekly rents on listings have reached the $830 mark, reflecting a 2.68% increase in returns based on the current median price in TEMPLESTOWE.

An average of 16.33 real estate transactions take place per month in TEMPLESTOWE which translates to 196 per annum.

196 properties were sold in TEMPLESTOWE in 2016, making it the 478th most active market in VIC based on total real estate transactions.

TEMPLESTOWE, 3106 places 554th in Australia based on median property value growth during the quarter.

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 $935,500.

Average median unit prices in VIC have risen as a whole, pulling TEMPLESTOWE, 3106 values up and netting property investors a capital gain of 1.41% for the past year.

Investors saw the median home price rise to $935,500.

The downward trend in home prices in TEMPLESTOWE, 3106 averaged -2.86% per annum over a 3-year period.

TEMPLESTOWE now ranks at the 86th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in TEMPLESTOWE are low, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $650 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In TEMPLESTOWE, homes and units usually stay on listing for an average of 59.7 days.

88 properties were sold in TEMPLESTOWE in 2016, making it the 20th most active market in VIC based on total real estate transactions.

Surburb overview

Templestowe is a suburb of Manningham, approximately 16 kilometres northeast of Melbourne's Central Business District. According to the 2021 census, it has 16,966 residents.

The suburb is known for its natural attractions, including expansive parklands and the Yarra River frontage. Westerfolds Park is a notable recreational area offering walking and cycling trails, picnic spots, and opportunities to observe local wildlife.

Templestowe Village serves as the suburb's central shopping precinct, featuring a variety of cafes, restaurants, and boutique stores. The area is renowned for its family-friendly dining options, with establishments such as Vibrante Restaurant and Templestowe Living Room being popular among locals.

Public transportation in Templestowe primarily consists of bus services connecting residents to Melbourne's CBD and surrounding suburbs. While the suburb lacks direct train or tram lines, the bus network provides essential connectivity for commuters.

Educational institutions in Templestowe include several primary schools, such as Serpell Primary School and Templestowe Park Primary School. For secondary education, Templestowe College serves the local community.

The suburb also boasts historical sites like Petty's Orchard, one of Melbourne's oldest commercial orchards, which houses a significant collection of heritage apple varieties. The orchard offers a glimpse into the area's agricultural past and provides a serene environment for visitors.

Templestowe's unique character in Melbourne's eastern suburbs is due to its blend of natural beauty, community amenities, and historical significance.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,608,000	$935,500
Growth Report
Median Quarterly	-0.68%	3.94%
Median 12 month	-2.55%	1.41%
Median 3 years	-0.74%	-8.59%
Median 5 years	14.04%	26.42%
10 years average annual	3.45%	2.76%
Weekly media advert. rent	$830	$650
Time on Market	75.6 days	59.7 days
Gross Rental Yield Percent	2.68%	3.61%

Demographics (Median Values)*

Total Population 16618

Weekly Household Income 1916

Household Size 2.90

Average 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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