templestowe lower

3107, Victoria

Real Estate & Property Information

Median
Price Rank
108

templestowe lower Suburb Profile & Review

Templestowe Lower is a quiet, striking suburb bounded by the Yarra River in Melbourne's north-east. The inner city is easily reached along the Eastern Freeway in a journey that takes twenty minutes.

Buses serve as the main form of public transportthere is no train station or tram service in the area. Macedon Square and Plaza acts as a shopping village which features hair and beauty salons, retail shops, bakeries, cafes, takeaway shops and a Woolworths supermarket. Its neatly landscaped meeting spaces and convenient strip shopping atmosphere make it a focal point in the community.

The three primary schools Templestowe Valley Primary School, Templestowe Heights Primary School and St Kevin's Catholic Primary School all benefit from their opulent green surroundings. There is also one secondary college, Templestowe College, where students have the rare opportunity to select their own learning mentor to help them with various issues.

templestowe lower Demographic Data

$ 711,000 Median House Price

24 Minutes Average Commute

44 Median Age

13,152 Population

51.76 % Female

48.24 % Male

3755 NO OF FAMILIES

1.7 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in templestowe lower, Victoria.

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templestowe lower Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

templestowe lower Median House Prices

  • 2008 $ 550,000
  • 2009 $ 582,000
  • 2010 $ 630,000
  • 2011 $ 725,400
  • 2012 $ 711,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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templestowe lower 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in templestowe lower have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term templestowe lower property price predictions.

templestowe lower Market Property Types

  • 84 % Seperate House
  • 11 % Semi Detached
  • 4 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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templestowe lower Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

templestowe lower Income & Mortgage Stats

  • $ 1,429 Median Weekly Household Income
  • $ 2,150 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in templestowe lower

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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templestowe lower Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

templestowe lower Sold Property Prices

templestowe lower Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

templestowe lower Related Local Blog Posts

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Hangover Stock Brings About Buying Opportunities

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Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

templestowe lower Restaurants

  • Taco Bill420 Thompsons Roadtemplestowe lower VIC 310703 9852 0087
  • Pop Sushi325 High St Shop 12 Macedon Plaza templestowe lower VIC 310703 9852 3345
  • Kreate Noodlebar9/325 Manningham Rd templestowe lower VIC 310703 9852 4495

templestowe lower Cafes

  • Cafe Macchiato23 Macedon Roadtemplestowe lower VIC 3107
  • Babadul Patisserie33 Macedon Rdtemplestowe lower VIC 310703 9850 8822
  • Aura200 High Sttemplestowe lower VIC 310703 9850 4007

templestowe lower Schools

  • St. Kevins Primary SchoolHerlihys Roadtemplestowe lower VIC 3107(03) 9850 4609Catholic Primary School
  • Stride Forward Early Intervention Centre44 Balmoral Avenuetemplestowe lower VIC 3107(03) 9850 8080Specialist School
  • Bulleen Heights School Manningham CampusManningham Rdtemplestowe lower VIC 3107(03) 9852-1631State Primary School

templestowe lower Childcare

  • Templestowe World of Learning247 High Streettemplestowe lower VIC 3107

templestowe lower Kindergarten and Preschools

  • Templestowe Valley Preschool3 Birchwood Avenuetemplestowe lower VIC 3107
  • Templestowe World of Learning247 High Streettemplestowe lower VIC 3107
  • Twin Hills Preschool39 Mayfair Avenuetemplestowe lower VIC 3107

templestowe lower Sporting Centres and Clubs

  • Bulleen Tennis Clubtemplestowe lower VIC 3107Tennis Club & Courts
  • St. Kevins Tennis Clubtemplestowe lower VIC 3107Tennis Club & Courts
  • Doncaster Leisure Centretemplestowe lower VIC 3107Indoor Sports Venue

Find out How Much your House is Worth in templestowe lower

Request a free market Basic Report for templestowe lower to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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