Get a property report and suburb profile for any property in Templestowe Lower

Templestowe Lower sits along the Yarra River, with generous parkland, riverbank trails and an emphasis on outdoor space. Housing is mostly established single-storey brick homes on roomy blocks, with pockets of contemporary rebuilds and some riverfront properties. The community is weighted towards couple families — 48.6% with children and 35.4% without — and most homes are owner-occupied (82.0%); the median age is 45.

Local life centres on small village shopping strips, sports reserves and extensive walking and cycling routes, while buses and arterial roads link to larger centres and the city. Council has completed playspace and reserve upgrades and is progressing streetscape and reserve projects, and major transport works under way include a Park & Ride plus new walking and cycling links and improved bus facilities. That combination of outdoor space, roomy blocks and improving connections tends to suit people who value quieter streets and easy access to parks; whether it suits you depends on what you want from a suburb.

Buying in Templestowe Lower sits well above local incomes. The median house price of $1,252,750 is about 12.5 times a typical local annual household income at the last Census, which places purchase prices well above what households in the area earned then.

Renting still takes a large slice of income. A house rent of $780 a week is about 40.6% of a typical local household's weekly income at the last Census, while unit rent of $625 a week is about 32.6% of that weekly income. On these figures, renting is the less stretched option compared with buying, though both are significant against local incomes at the last Census.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Over the past 12 months in Templestowe Lower, house values rose a modest 2.7% while unit values increased a solid 6.8%. On the income side, house rents lifted a solid 8.3% and unit rents jumped a strong 13.6%. Rental growth outpaced capital growth for both property types, and units recorded larger gains than houses on both value and rent measures.

If rental income is your priority, the rent figures are the most relevant. If capital growth matters more, look to the value changes. Whether that mix of outcomes suits your goals and circumstances is for you to decide.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.