Templestowe Lower Property Market Overview (2026)
Templestowe Lower sits in the affordable outer-suburban market. This is value territory. Prices are lower than inner Melbourne because the suburb is still developing its amenity base, but growth corridors tend to appreciate as infrastructure catches up.
Price Estimates
| Property Type | Estimated Median | Monthly Mortgage (est.)* |
|---|---|---|
| House | $550K–$850K | $2,200–$3,400 |
| Unit/Apartment | $350K–$500K | $2,000–$3,000 |
Estimates based on Templestowe Lower’s market positioning. Mortgage estimates assume 20% deposit, 6.5% variable rate, 30-year term. For current sales data, check REIV or Domain.
What Drives Property Value in Templestowe Lower
Property prices in any suburb reflect three things: what is already there, what is coming, and how easy it is to get to the CBD. Here is how Templestowe Lower stacks up:
| Amenity Factor | Templestowe Lower | Impact on Value |
|---|---|---|
| Schools | 6 | Strong — school zones drive family demand |
| Parks | 30 | High — green space is a premium driver |
| Dining & Cafes | 4 | Developing |
| Medical | 7 | Strong — healthcare proximity matters |
| Supermarkets | 0 | None — drives value down |
| Gyms & Fitness | 8 | Active lifestyle suburb |
Total amenity score: 65. Solid infrastructure that supports steady demand.
Schools (Key Value Driver)
Templestowe Lower has 6 schools — school zone boundaries are one of the strongest price drivers in Melbourne property:
| School | Address |
|---|---|
| Templestowe Heights Primary School | 276-300 High Street |
| Templestowe College | 7 Cypress Avenue |
| St Kevin’s Primary School | 26-44 Herlihys Road |
| Templestowe Valley Primary School | 15-23 Birchwood Avenue |
| Bulleen Heights School Primary Campus | 49-61 Pleasant Road |
| Bulleen Heights School Secondary Campus | 223-225 Manningham Road |
Check zone boundaries at findmyschool.vic.gov.au.
Rental Market
| Unit Type | Weekly Rent (est.) |
|---|---|
| 1 Bedroom | $260–$360 |
| 2 Bedroom | $350–$450 |
| 3 Bedroom | $450–$600 |
Rental yield estimate: 4.5–5.5% (higher yields in more affordable suburbs).
See our detailed Cost of Living Guide for full cost breakdown.
Before You Buy in Templestowe Lower
- Check school zones — findmyschool.vic.gov.au determines your designated school
- Review planning overlays — heritage, flood, bushfire at your local council
- Check flood risk — planning.vic.gov.au
- Attend auctions — quoted ranges in Templestowe Lower are guides, not guarantees
- Get a building inspection — non-negotiable for any house purchase
- Talk to locals — knock on a neighbour’s door. They will tell you what agents won’t
Key Links for Templestowe Lower Property Research
- Domain — current listings and recent sales
- realestate.com.au — price history and suburb profiles
- REIV — quarterly median prices (the official data)
- ABS Census — population and demographic data
Related Guides
- Best Restaurants in Templestowe Lower
- Best Cafes in Templestowe Lower
- Best Bars in Templestowe Lower
- Cost of Living in Templestowe Lower
- Templestowe Lower Neighbourhood Guide
- Family Guide to Templestowe Lower
- Is Templestowe Lower Safe?
- Templestowe Lower Transport Guide
Last updated: March 2026. This guide is refreshed when OpenStreetMap data changes — new openings, closures and corrections are reflected automatically. Found something wrong? Let us know.
Sources
- OpenStreetMap Contributors — openstreetmap.org — accessed March 2026
- ABS Census 2021 — abs.gov.au/census
- REIV Quarterly Median Prices — reiv.com.au
Data sourced from Google Places, OpenStreetMap, and ABS Census. Compiled April 2026. Found an error? Contact us.
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