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Templestowe Lower, VIC 3107
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,370,000
market range $1.3M-$1.5M
Median Unit
$930,000
market range $600K-$1.0M
Gross Yield (units)
3.6%
1yr Growth (houses)
+2.2%
market range -7.5% to +10.0%
Investment snapshot for Templestowe Lower
Templestowe Lower has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Templestowe Lower market and investor summary
In Templestowe Lower, VIC 3107, the median house sells for around $1.4M. House prices have moved +2.2% over the past year and -3.0% over three years. At 1.6% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 1.6% and a resident base that is not shrinking.
Living in Templestowe Lower: people, income and schools
About 14,098 people live in Templestowe Lower, a number that has held fairly steady over five years. At a median age of 45, it reads as skewed a little older, and 83% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $100,000 a year (about $1,920 a week). On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 13.7 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 34% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Families have 44 schools within roughly 5km to choose from, and they test well above the national school average on ICSEA, a draw for education-focused families. Templestowe Lower sits about 14 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 52 for walkability and 53 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 14,098
- +1% over 5yr
- Median age
- 45 years
- Median household income
- $100,000/yr
- Households renting
- 17%
- Family households
- 58%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 44
- avg ICSEA 1107
- Unemployment
- 4.7%
- Distance to CBD
- 14 km
- Walk score
- 52/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Templestowe Lower
View all →Frequently asked questions about Templestowe Lower
What should I check before investing in Templestowe Lower?
Templestowe Lower has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (1.6% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Templestowe Lower?
The median property price in Templestowe Lower, VIC 3107 is $1.4M for houses and $930K for units.
What rental yield does Templestowe Lower show?
The gross rental yield in Templestowe Lower is 3.6% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Templestowe Lower?
House prices in Templestowe Lower are up 2.2% over the past year and down 3.0% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Templestowe Lower?
The current vacancy rate in Templestowe Lower is 1.6%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Templestowe Lower?
Templestowe Lower has a population of approximately 14,098 residents, with a median age of 45.
What schools are near Templestowe Lower?
There are 44 schools within roughly 5km of Templestowe Lower. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Templestowe Lower affordable to buy in?
A median house in Templestowe Lower costs about 13.7 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Templestowe Lower's population growing?
The population of Templestowe Lower has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Templestowe Lower from the CBD?
Templestowe Lower is about 14 km from the CBD.
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