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Templestowe Lower

POSTAL CODE: VIC, 3107
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Property investments in TEMPLESTOWE LOWER did not fare well against the rest of the country last year, registering a median home price decrease of 0.66%.

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 $720 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 74.8 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 $1,365,000.

TEMPLESTOWE LOWER ranks 493rd on the list of best yielding suburbs for rental properties in VIC, posting a 2.74% return.

Surburb overview

Templestowe Lower is a suburb of Manningham, approximately 14 kilometres northeast of Melbourne's Central Business District. According to the 2021 census, it has 14,098 residents.

The suburb covers an area of about 5.9 square kilometres. Twenty parks cover nearly 11.5% of its location, providing residents with ample green recreational spaces.

Public transportation in Templestowe Lower primarily consists of bus services, as the suburb lacks tram or train options. Residents often rely on private vehicles for commuting, with major roads such as Manningham Road and Thompsons Road facilitating access to surrounding areas.

The suburb offers a range of essential establishments, including shopping centres like Bulleen Plaza, which features various retail outlets and services. Educational institutions in the area include Templestowe Heights Primary School and Templestowe Valley Primary School, catering to the needs of young families.

Numerous parks and reserves support recreational activities. Birrarung Park, located along the Yarra River, offers picnic areas, walking trails, and playgrounds, providing residents with opportunities for outdoor leisure.

Templestowe Lower's combination of green spaces, educational facilities, and community amenities contributes to its appeal as a residential suburb within Melbourne's northeastern corridor.

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