All About Templestowe, Manningham, VIC, 3106

Templestowe, a suburb in Manningham, Victoria, is known for its picturesque landscapes and a blend of semi-rural living combined with suburban convenience. The housing market in Templestowe is characterized by its diversity, offering a range of properties from luxurious mansions and contemporary townhouses to more traditional family homes. Over recent years, the area has seen steady interest from buyers, attributed to its appealing mix of space, greenery, and proximity to urban amenities. This demand has bolstered property prices, making it one of the more sought-after suburbs in the Manningham region. Local real estate is often complemented by large plots and lush gardens, aligning with the community's appreciation for outdoor living and adjacent parklands. Investors and homebuyers alike are attracted to its reputation for excellent schools, vibrant community life, and seamless connectivity to the Melbourne CBD, which is approximately a 30-minute drive away.

Living in Templestowe offers residents a serene and family-friendly environment. The area provides a high quality of life with its abundant parks and recreation facilities, including the expansive Ruffey Lake Park, which is a popular spot for picnics, walking, and various outdoor activities. The suburb also boasts a strong sense of community, with regular local events and a range of cafes, restaurants, and boutique shops that contribute to a lively social scene. Education is a strong focus in the area, with several well-regarded schools making it attractive for families looking to settle down. Public transport services and well-maintained roads ensure efficient commutes for professionals. Overall, Templestowe balances a relaxed, nature-centric lifestyle with the conveniences of modern living, making it a desirable place for both young professionals and families seeking a peaceful yet connected community.

Templestowe Real Estate Market Outlook

Thinking about buying in Templestowe? Now could not be a better time, with 8067 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $2,118,000 with prices in this suburb ranging from $446,000 to $15,391,000. The aproximate distance to the coast is 16 Km.

Consistent high demand relative to supply is a key feature in Templestowe driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Templestowe ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Templestowe classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Templestowe necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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