Templestowe

Templestowe, situated approximately 16 km northeast of Melbourne’s Central Business District, falls within the City of Manningham. This suburb is renowned for its leafy environment, spacious properties, and serene lifestyle, making it a favourite among families and those seeking a retreat from the urban hustle.

Demographic Profile

• Population: According to the 2021 census, the population of Templestowe was 16,966.
• Predominant Age Group: Attracts a broad range of residents but is particularly popular with families and the 40-60 age group.
• Median Household Income: Generally higher than the Melbourne metropolitan average, reflecting the suburb’s affluence.
• Occupancy: Mainly homeowners, with a focus on larger family homes.

Real Estate and Growth

• Median House Prices: The median house price in Templestowe is around AUD 1,400,000.
• Median Unit Prices: Fewer units than houses, with an average price for townhouses and units around AUD 900,000.
• Rental Market: The median rent for houses is approximately AUD 600 per week, and for units, it’s about AUD 450 per week.
• Market Trends: Templestowe has experienced stable growth, with its large blocks and quality homes driving demand.

Education and Lifestyle

• Schools: The suburb is home to several reputable schools, including Templestowe College and Templestowe Park Primary School.
• Local Vibe: Known for its peaceful and green environment, Templestowe offers a tranquil suburban feel with a strong sense of community.
• Community Insights: The area is valued for its spaciousness, proximity to natural reserves, and family-friendly atmosphere.

Transportation

• Public Transport: While more car-dependent than inner-city suburbs, Templestowe is serviced by various bus routes, connecting it to nearby shopping centers and train stations.
• Accessibility: The suburb enjoys easy access to the Eastern Freeway.

Notable Features

• Proximity to Nature: Close to the Yarra River and its parklands, offering ample opportunities for outdoor activities, including walking, cycling, and picnicking.
• Recreational Areas: Home to several parks and sports facilities, including Templestowe Reserve and Westerfolds Park.

Templestowe is an appealing suburb for those who prioritize space, nature, and a quiet lifestyle. Its large homes, excellent educational facilities, and abundant green spaces make it an attractive choice for families and individuals seeking a balance between suburban comfort and accessibility to Melbourne’s CBD.