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Templestowe Lower, VIC 3107

Home » VIC Real Estate Data » Manningham City, VIC » Templestowe Lower, VIC 3107

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Templestowe Lower, VIC 3107 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Templestowe Lower, VIC 3107”

  1. The total adult population (15 years or older) of Templestowe Lower 3107 VIC is 11,737, with a median age of 45. Of those, 55.85% are married, 8.77% are divorced or separated, 27.98% are single and 7.39% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $8,924. The median monthly mortgage repayment for households in this suburb is $2,500 which is 28.01% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in the heart of Victoria, the suburb of Templestowe Lower 3107 is home to an estimated 6137 households. As we move into the third quarter of 2023, this well-situated suburb is showcasing a flourishing property market with typical house prices hitting the $1,373,325 mark.

    These houses return a median weekly rent of $589, which calculates to an indicative yield of just 2.23%. While this return rate falls slightly above the minimum attractive market requirement of 3% for property investors, it’s important for prospective investors to consider the wealth of other positive indicators coming from this area.

    With its IRSAD score standing at a healthy 1071 out of a potential score of 1217, Templestowe Lower boasts positive socio-economic standing. This score indicates access to substantial economic resources, high-income levels, and prevalence of skilled professions within the area.

    The area is also showing favourable ratios in both renter to owner and units to houses. At 18%, the renter to owner ratio is well below the concerning threshold of 45%, indicating a stronger owner-occupied presence. Similarly, sitting at 11%, the units to houses ratio suggests an attractive level of competition amongst landlords and a potential for higher rental yields.

    Despite the favourable ratios, there’s considerable cause for concern in the affordability index. Standing at 60 years, this measure suggests a decreased level of affordability in the area, potentially posing an obstacle for potential buyers.

    Supply metrics, such as stock on market Percentage and building approvals Ratio are favourable at 0.23% and 0.66% respectively. With low inventory levels of 0.83 months, the Templestowe Lower property market demonstrates an efficient absorbent capacity for new listings.

    Days on Market sits at a mere 25 days, indicating a high demand for properties in this suburb. A vacancy rate of 1.76% also suggesting neutral-to-high demand for rental properties.

    The buy search index for houses stands at 4, reflecting a neutral level of demand from buyers compared to the state average. This input, alongside other data trends, should be carefully considered when forming investment decisions.

    Despite a few concerning indicators such as the yield and affordability index, Templestowe Lower can still be an appealing investment opportunity due to the majority of favourable socio-economic and market metrics. The Relative Composite Score (RCS) developed by HtAG Analytics, aggregating over 80 different metrics, would provide a comprehensive view of the investment potential in this suburb.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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