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Templestowe, VIC 3106

Home » VIC Real Estate Data » Manningham City, VIC » Templestowe, VIC 3106

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, VIC 3106 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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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, VIC 3106”

  1. The total adult population (15 years or older) of Templestowe 3106 VIC is 14,347, with a median age of 46. Of those, 59.07% are married, 7.67% are divorced or separated, 26.67% are single and 6.61% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $9,676. The median monthly mortgage repayment for households in this suburb is $2,700 which is 27.90% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the heart of Victoria, Templestowe 3106 comprises an estimated 7017 households, manifesting a vivid representation of Australian suburban residential life. As the Q3 of 2023 unfurls, the housing market in Templestowe presents potential investors and residents with noteworthy insights.

    The typical price for houses in the area is pegged at a lofty $1,817,272, complemented by a median weekly rent of $651. These figures add up to an indicative yield of 1.86%, which is somewhat below the minimum attractive market yield of 3% for cashflow-focused property investors. Investors looking for high yielding properties might find this rate a tad restrained but for those more interested in long-term capital growth, Templestowe presents good opportunities.

    Templestowe holds an impressive IRSAD score of 1094/1217, characterising the suburb’s residents as having good access to economic resources, with relatively high income levels and a good number of skilled professions. This excellent socio-economic status could translate into stable rental income and less risk of vacancies for investors.

    The ratio of renters to owners stands at a healthy 14%, reflecting a balanced property market with a majority of owner-occupiers. This implies lower competition among property investors, less risk and more stable returns on investment. The units to houses ratio stands at only 10%, further suggesting that houses dominate the property landscape in the area, a detail that could resonate with families seeking longer tenancy periods.

    However, the hefty property prices contribute to an affordability index of 74 years. This high value implies that home ownership may be out of reach for many residents, thereby elevating the potential rental demand.

    Supply metrics paint an equally promising tableau. With a stock on market Percentage of only 0.37%, inventory level of 1.4 months, and a Building Approval Ratio of 0.27%, the market demonstrates favourable low supply conditions. This scarcity of properties could result in upward pressure on prices, a boon for property owners and investors.

    Days on market for houses is a brisk 29, suggesting that properties are being snapped up quickly in this high-demand area, a further testament to Templestowe’s popularity among potential buyers. The combined vacancy rate for houses and units is a manageable 1.93%, indicating a steady demand and lower risk for property investors.

    Incorporating the Buy Search Index, Templestowe records values at the state average, inferring a balanced demand for properties in the suburbs.

    Much like the proverbial coin, Templestowe’s property market accompanies its own two sides. The somewhat pricey properties and the rather intensive affordability index are slightly tempered by promising low supply metrics, strong socio-economic conditions, and a high owner-occupancy rate. An assessment for its potential as an investment location is best realised through a comprehensive survey and a watchful view of current and future market trends. Harness the power of metrics such as the RCS (Relative Composite Score) developed by HtAG Analytics to help inform such investment decisions.

    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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