Templestowe Lower (postcode 3107) is a settled mid-to-large suburb in Victoria within the Manningham local government area. With a population of 14,098, the suburb has a settled, mature resident base with a median age of 45. Households earn a median income of $100K per year, with an average household size of 2.7 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.2% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and professional services. The top ancestries reported are Chinese, English, Australian.
Median house prices in Templestowe Lower stand at $1.2 million, having fallen sharply by 10.4% over the last twelve months. Units have a median price of $808,000 (-20% YoY). The current median weekly rent is $680. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $2,500.
Templestowe Lower is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1109, which is well above the national average of 1,000. Public transport access includes 61 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Manningham LGA is below average at 3,807 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 2.9%, which reads as low yield. Property prices are above the state median ($1.2M/$875K), placing it in the premium segment. The price-to-income ratio of 12.2x is considered stretched. House prices have moved -10.4% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.