Donvale vs Templestowe
Property investment comparison - Donvale, VIC 3111 vs Templestowe, VIC 3106
Head-to-head across core investment metrics: Donvale wins 3, Templestowe wins 0. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Donvale | Templestowe |
|---|---|---|
| Median house price | $1.6M | $1.6M |
| Median unit price | $850K | $970K |
| Gross rental yield (houses) | 2.67% | - |
| Gross rental yield (units) | 4.11% | - |
| 1-year house growth | +2.6% | -5.6%estimate |
| 3-year house growth | +8.4% | - |
| Vacancy rate | 1.6% | 2.3% |
| Population | 12,644 | 16,966 |
Donvale vs Templestowe: what the numbers say
Houses cost about the same in both suburbs: the median house price is $1.6M in Donvale and $1.6M in Templestowe.
For units, Donvale sits at a median of $850K against $970K in Templestowe, which makes Donvale the more affordable unit market and Templestowe the pricier one.
Over the past year house prices moved +2.6% in Donvale and -5.6% in Templestowe (an estimate), so recent momentum favours Donvale, while Templestowe went backwards.
Rental vacancy is 1.6% in Donvale and 2.3% in Templestowe, so landlords in Donvale face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Templestowe is the bigger suburb, with a population of 16,966 against 12,644, larger than Donvale; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Donvale for recent price momentum, Donvale for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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