Templestowe Property Growth
VIC · 3106 · Eastern Melbourne
A middle-ring suburb in Melbourne's north-east known for larger blocks, established housing, and the Yarra River parklands along its edge.
Overview
Location: City of Manningham
A middle-ring suburb in Melbourne's north-east known for larger blocks, established housing, and the Yarra River parklands along its edge.
Market Snapshot
Median House Price
$1.51m
Median Unit Price
$1.09m
Avg Days on Market
54 days
Demographics
Estimated Population
16,644
Owner Occupier Rate
86.0%
Renter Rate
14.0%
Transport & Connectivity
Templestowe, like all of Manningham, has no train or tram; a frequent bus network carries the load, including routes 907 (city to Warrandyte), 908, 903 (SmartBus) and 200, plus the 281 to Box Hill and Deakin Burwood.
Major Roads
- Bridge Street
- Manningham Road
- with Eastern Freeway access nearby
Templestowe is approximately 17km north-east of the Melbourne CBD, within the City of Manningham, on hilly terrain along the Yarra River. Verify current timetables and traffic conditions before relying on any commute estimate.
Education
Templestowe's government primary schools rank among the state's strongest.
Primary Schools
- Serpell Primary School — consistently one of Victoria's top-performing government primaries — plus Templestowe Park and Templestowe Valley primary schools and Catholic options
Secondary Schools
- Templestowe College is in neighbouring Templestowe Lower
- with East Doncaster Secondary College's zone also relevant to parts of the area
Childcare
A range of long day care, kindergarten and outside school hours care providers operate across Templestowe. Always verify availability and waitlists directly with providers.
Amenities & Lifestyle
Templestowe Village on James and Anderson Streets is a heritage pocket — the 1874 schoolhouse, Memorial Hall and old coach house survive alongside its cafés and restaurants. The suburb's headline asset is parkland: Westerfolds Park (resident kangaroo population, start of the Main Yarra Trail) and Ruffey Lake Park give locals roughly 200 hectares of combined open space.
Employment
Templestowe is predominantly residential, with village retail and hospitality employment locally and Westfield Doncaster minutes away.
Commercial Centres
- Templestowe Village (James Street precinct)
Infrastructure
The Templestowe Route Upgrade — a Manningham Council streetscape and connectivity project around the Village precinct — is currently in delivery. No further projects beyond those noted above are currently confirmed for Templestowe. Check Infrastructure Australia's project pipeline, State Government announcements or City of Manningham's website for the latest updates.
Growth Drivers
- Top-performing government primary schooling — Serpell Primary School is consistently one of Victoria's top-performing government primaries, supporting strong family demand alongside Templestowe Park and Templestowe Valley primary schools.
- Extensive parkland — Westerfolds Park (with a resident kangaroo population and the start of the Main Yarra Trail) and Ruffey Lake Park give locals roughly 200 hectares of combined open space.
- Heritage village precinct — Templestowe Village on James and Anderson Streets preserves the 1874 schoolhouse, Memorial Hall and old coach house alongside cafés and restaurants.
- Templestowe Route Upgrade — a Manningham Council streetscape and connectivity project around the Village precinct is currently in delivery.
Key Risks
- No train or tram access — like all of Manningham, Templestowe relies entirely on buses, which may be a drawback for transport-dependent buyers.
- Interest rate and lending sensitivity — like all property markets, local prices and buyer activity can be affected by changes in interest rates and lending conditions.
- Hilly terrain considerations — the suburb's hilly terrain along the Yarra River may affect development potential on some lots.
Frequently Asked Questions
Templestowe offers top-performing government schools, extensive parkland and a heritage village precinct, but every investor's circumstances and goals differ. This is general information, not personalised financial advice — consider speaking with a licensed financial adviser before making investment decisions.
Refer to the Market Snapshot section on this page for current median price data sourced from our live database.
Serpell Primary School, consistently one of Victoria's top-performing government primaries, plus Templestowe Park and Templestowe Valley primary schools serve the suburb; Templestowe College is in neighbouring Templestowe Lower.
Templestowe has no train or tram; a frequent bus network including routes 907, 908, the 903 SmartBus and the 281 carries the load. Verify current timetables and travel times before relying on any commute estimate.
Templestowe Village is a heritage pocket with cafés and restaurants, alongside Westerfolds Park's resident kangaroo population and Ruffey Lake Park.
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Calculate Future ValueSources
- ABSAustralian Bureau of Statistics — Census QuickStats— https://www.abs.gov.au/census
- Local CouncilCity of Manningham— https://www.manningham.vic.gov.au
- Department of Transport VictoriaDepartment of Transport and Planning Victoria— https://www.transport.vic.gov.au
- Victorian Planning AuthorityVictorian Planning Authority— https://vpa.vic.gov.au/
- Infrastructure AustraliaProject Pipeline— https://www.infrastructureaustralia.gov.au
This content is for informational and educational purposes only. It does not constitute financial advice. Nothing on this page constitutes financial, investment, legal or tax advice. Property markets are volatile and past performance is not indicative of future results. Always seek independent advice from a qualified financial adviser before making any property investment decision.