All About Templestowe Lower, Manningham, VIC, 3107

Templestowe Lower, located in the City of Manningham, VIC, is a sought-after suburb with a dynamic housing market characterized by its suburban appeal and proximity to central Melbourne. The housing landscape in Templestowe Lower predominantly features spacious family homes, well-preserved mid-century houses, and modern townhouses, catering to diverse architectural tastes and family needs. Recently, the market has shown a trend of appreciating property values, driven by increased demand from families and professionals seeking a balanced lifestyle outside the hustle of the Melbourne CBD. This demand is amplified by the suburb's excellent access to amenities, including reputable schools, shopping centers like Westfield Doncaster, and ample parklands, which provide both convenience and a touch of nature, making it an attractive option for both buyers and investors.

Living in Templestowe Lower offers residents a suburban lifestyle characterized by tranquility and community spirit, combined with convenient urban benefits. The area is dotted with picturesque parks and green spaces, such as Ruffey Lake Park, which invite locals for recreational activities and community gatherings. The Yarra River trail offers cycling and walking paths that are well-used by the community, providing a lifestyle that encourages outdoor activities and fitness. Public transport options and well-maintained roads ensure that the suburb is well-connected to Melbourne’s city center, making daily commutes feasible. The community is diverse, with a mix of long-term residents and newer families, contributing to a vibrant neighborhood atmosphere. Local cafes, restaurants, and boutique shops infuse the area with a sense of modern charm while maintaining a welcoming, small-community feel.

Templestowe Lower Real Estate Market Outlook

Thinking about buying in Templestowe Lower? Now could not be a better time, with 6943 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,688,000 with prices in this suburb ranging from $525,000 to $10,233,000. The aproximate distance to the coast is 14 Km.

Consistent high demand relative to supply is a key feature in Templestowe Lower driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Templestowe Lower are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Templestowe Lower provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Templestowe Lower necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Templestowe Lower we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Templestowe Lower a better buying opportunity than it may have been in the past.

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General Points of Interest

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