Templestowe's apartment market has produced the standout result in this update, unit prices up a striking 33.0 per cent this year to $901,500, with sales up 36.6 per cent and clearance climbing 30.0 per cent to 65.0 per cent. The house market is more measured, the median down 4.2 per cent to $1,550,000, even as sales volume rose 8.7 per cent.
Days on market for houses have held essentially steady at 58, while units have edged up slightly to 35 days. Buyers here remain focused on genuine value, and walk-in ready homes continue to be the clearest driver of interest across every bracket.
With no single buyer type dominating this month, Templestowe's mix of established family homes and a genuinely improving apartment market gives sellers real optionality, provided pricing reflects what buyers have actually been paying in recent weeks.
Median sale price for houses in Templestowe is $1,550,000, down 4.2% from last year.
Median sale price for units in Templestowe is $901,500, up 33.0% from last year.
Properties sold for houses in Templestowe is 251, up 8.7% from last year.
Properties sold for units in Templestowe is 56, up 36.6% from last year.
Auction clearance for houses in Templestowe is 68.8%, down 2.7% from last year.
Auction clearance for units in Templestowe is 65.0%, up 30.0% from last year.
Av days on market for houses in Templestowe is 58, down 1.7% from last year.
Av days on market for units in Templestowe is 35, up 2.9% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
Good property management should remove uncertainty, not create more of it.
If you're considering engaging a property manager, one of the first questions you're likely to ask is: how much does property management actually cost?
Owning an investment property and owning a good investment property are not necessarily the same thing. It’s an important distinction, and one that property investors should revisit regularly.
The Reserve Bank's decision to leave the cash rate on hold at 4.35 per cent is welcome news for buyers, sellers and businesses alike. While it's not a silver bullet for Melbourne's property market, it should provide some reassurance that the aggressive phase of the interest rate tightening cycle may be easing.
Discover the hidden potential of your biggest asset — for free, in seconds. Choose an Instant Appraisal for immediate market value and suburb performance, or request an in-depth Agent Appraisal from our experienced local Woodards professionals.
No obligation. No pressure. Just clarity.
Find Doncaster East's Best Real Estate Agents at Woodards
All of our agents have the experience and local knowledge to guide you
Whether selling or investing, an appraisal of value will give you the confidence to make an informed decision
Switch to Woodards Property Management
