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Templestowe Lower

Suburb Profile

Templestowe Lower - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3107

house
unit

Property investments in TEMPLESTOWE LOWER fare well against the rest of the country last year, registering a median home price increase of 10.09%.

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

Based on its average 5-year and quarterly capital gains TEMPLESTOWE LOWER, 3107 saw average growth in the long term.

Real estate investors could earn a rental income of $500 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 57.1 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $1,189,000.

TEMPLESTOWE LOWER ranks 519th on the list of best yielding suburbs for rental properties in VIC, posting a 2.19% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,189,000 $895,000
GROWTH REPORT
Median Quarterly -0.92% 1.13%
Median 12 month 10.09% 15.63%
Median 3 years -2.74% 5.29%
Median 5 years 18.9% 24.22%
10 years average annual 5.71% 5.69%
Weekly media advert. rent $500 $535
Time on Market 57.1 days 69.0 days
Gross Rental Yield Percent 2.19% 3.11%
demographics (median values)
Total Population
13022
Weekly Household Income
1158
Household Size
2.70
demographics
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