Templestowe
Large blocks and older wealth define Templestowe more than density does. The suburb has 16,966 residents, a median age of 46 that sits 6 years above the national figure, and household income in the 82.3rd percentile. Housing is premium and land-led: the median house price is $1,570,000, 77.6% of dwellings are separate houses, and 48.8% are owned outright. Compared with busier Doncaster and denser Lower Templestowe, Templestowe reads as a quieter, car-based family suburb because its bigger homes and older owners keep turnover and renter share lower.
Population
16,966
Median Age
46.0
Household IncomeiMedian weekly household income (ABS Census)
$2,163/wk
DAs (12 months)iDevelopment Applications lodged in the past year
34
Median House
$1.6M
Apr-Jun 2024
Homebuyers are paying for land, bedroom count and a settled owner base. The median house price is $1,570,000, but that is 11.9% below the Oct-Dec 2023 peak of $1,782,800, giving buyers more room than at the top of the market. Family-sized stock dominates: 77.6% of homes are separate houses and 62.3% have 4 or more bedrooms. Mortgage costs average $2,700 a month, with mortgage payments at 28.8% of income, so the suburb suits higher-income buyers because entry prices remain high even after the recent pullback.
For Buyers
Homebuyers are paying for land, bedroom count and a settled owner base. The median house price is $1,570,000, but that is 11.9% below the Oct-Dec 2023 peak of $1,782,800, giving buyers more room than at the top of the market. Family-sized stock dominates: 77.6% of homes are separate houses and 62.3% have 4 or more bedrooms. Mortgage costs average $2,700 a month, with mortgage payments at 28.8% of income, so the suburb suits higher-income buyers because entry prices remain high even after the recent pullback.
For Investors
Templestowe is a selective rather than high-churn rental market. Only 14.6% of homes are rented, well below the owner-occupier share of 85.4%, so tenant demand is concentrated around larger family homes rather than apartments. The weekly median rent is $513, while the vacancy rate is 7.2%, a higher leasing-risk signal than investors would want in a tight market. Development activity is modest at 18 applications over 12 months, and rent growth of 25.0% points to income gains, but the low renter pool means asset selection matters.
Development Activity
Total DAs
47
Last 12 Months
34
YoY ChangeiYear-over-year change in DA lodgements
+580.0%
Avg DA CostiAverage estimated cost per DA in the past year
N/A
Monthly DA Lodgements
DA Categories
Schools in Templestowe iICSEA: school advantage index. 1000 = national avg, higher = more advantaged
Serpell Primary School
Prep-6 · 1231 students
Templestowe Park Primary School
Prep-6 · 548 students
Demographics
Templestowe skews older, educated and internationally connected. The median age is 46, which is 6.0 years above the national figure, while 43.8% of residents were born overseas, 22.2 percentage points above national. University attainment is 54.2%, 24.1 points higher than national, supporting the suburb's professional income profile. Chinese ancestry leads with 4,059 people, followed by English at 3,099, Italian at 1,933 and Greek at 1,612. Larger households average 2.8 people, 0.3 above national, because family homes remain the dominant format.
Age Distribution
Bedrooms
Dwelling Structure
77.6%
Houses
18.6%
Townhouse
3.7%
Apartment
Tenure
The housing market is premium, detached and long-held. The latest median house price is $1,570,000 for Apr-Jun 2024, up 81.5% from $865,000 in 2013, with a 4.3% annualised gain across 14 years. Prices are 11.9% below the $1,782,800 peak from Oct-Dec 2023, so recent momentum is softer than the long-run trend. Ownership is unusually deep: 48.8% own outright, 36.6% have a mortgage and 14.6% rent. The bedroom profile explains the price floor, with 62.3% at 4 or more bedrooms and apartments only 3.7%.
Median House Price Trend
Source: State Valuer-General
Mortgage / mo
$2,700
Rent / wk
$513
HH Size
2.8
Personal Income / wk
$781
Vacancy Ratei% of dwellings unoccupied on Census night (ABS 2021)
7.2%
Unoccupied
445
Rent / IncomeiMedian rent as % of household income. Over 30% = housing stress
23.7%
Mortgage / IncomeiMedian mortgage as % of household income. Over 30% = housing stress
28.8%
Community Profile
Languages Spoken at Home
Ancestry
Household Composition
25.3%
Couples, no children
14,566
Total families
Economy & Employment
Templestowe has a high-skill, service-sector economy backed by strong SEIFA scores. Healthcare is the largest industry at 17.2% and 967 workers, followed by Professional/Tech at 15.2% and 853 workers, Education at 9.6%, Retail at 8.9% and Construction at 8.7%. Professionals number 2,323 and Managers 1,497, which helps explain household income in the 82.3rd percentile. Unemployment is 5.0% with 53.6% participation, partly lower because the median age is 46. SEIFA is above average, with IRSAD decile 9, IRSD decile 9, IEO decile 9 and IER decile 10.
Unemployment
4.1%
Labour Force
9,104
Unemployed
374
Quarterly Trend
Source: SALM Dec-25
Socio-Economic Indexes (SEIFA)iABS index ranking suburbs from 1 (most disadvantaged) to 10 (most advantaged)
Full-time
60.6%
Part-time
34.4%
Participation
53.6%
Employed
7,303
Occupations
Top Industries
University
54.2%
Postgraduate
15.4%
Born Overseas
43.8%
Dwellings
5,715
Transport to Work
Livability is strongest for car-based families seeking school quality and space. Public transport commuting is only 3.9%, while 89.1% drive, so daily convenience depends heavily on car access. The 2 local schools are both Government primaries, led by Serpell Primary School with ICSEA 1173 and 1,231 enrolments, plus Templestowe Park Primary School with ICSEA 1108 and 548 enrolments, giving an ICSEA range of 1108 to 1173. Safety is relatively controlled at 32.8 offences per 1,000 people, and IRSAD decile 9 places local advantage above average.
Drive
89.1%
Public Transport
3.9%
Walk / Cycle
1.3%
Work from Home
N/A
Population Forecast
+0.33%/yr
(+49 people/yr)
EstablishedGrowth is stable and slow rather than speculative. The forecast trend adds 0.33% a year, equal to about 49 people annually, with the medium path moving from 14,677 in 2026 to 14,922 in 2031. Migration is the main driver: average net overseas migration is 188 people a year, compared with average net internal migration of -8, so international arrivals offset small local outflows. The trajectory is labelled Stable, and the gentrification score is 0 with a Not gentrifying stage, below the change profile of faster inner and fringe markets.
Historical + Forecast
Hamilton-Perry + Holt smoothing on ERP 2001-2025
Age Cohort Forecast
Primary Driver
Overseas Migration
Net Overseas / yr
+188
Net Internal / yr
-8
Gentrification Signal
Not gentrifying
Safety & Crime
Total Offences
557
Year ending June 2024
Rate per 1,000 People
32.8
Offence Categories
Source: Crime Statistics Agency Victoria / SA Police
National Ranking iPercentile rank among ~15,000 AU suburbs. 90% = higher than 90% of suburbs
How Templestowe compares to ~15,000 Australian suburbs
Frequently Asked Questions
Is Templestowe a good suburb to live in?
Yes, especially for families wanting larger homes and a quieter established setting. Templestowe has 77.6% separate houses, 62.3% homes with 4 or more bedrooms, and IRSAD decile 9, which is above average socio-economic advantage.
What is the median house price in Templestowe?
The median house price in Templestowe is $1,570,000 for Apr-Jun 2024. That is 11.9% below the Oct-Dec 2023 peak of $1,782,800, but still 81.5% higher than the 2013 level of $865,000.
What schools are in Templestowe?
Templestowe has 2 local Government primary schools. Serpell Primary School has ICSEA 1173 and 1,231 enrolments, while Templestowe Park Primary School has ICSEA 1108 and 548 enrolments.
Is Templestowe safe?
Templestowe records 557 offences, equal to 32.8 offences per 1,000 people. Property and deception offences are the largest category with 361 incidents, followed by 97 crimes against the person.
Is Templestowe good for property investment?
It can suit investors focused on long-term family housing rather than high rental turnover. Rent is $513 a week and rent growth is 25.0%, but only 14.6% of homes are rented and the vacancy rate is 7.2%.
How is Templestowe's population changing?
Population growth is slow, with the forecast trend at 0.33% a year or about 49 people annually. The medium path rises from 14,677 in 2026 to 14,922 in 2031, driven mainly by overseas migration.
What languages are spoken in Templestowe?
Templestowe has a strong multilingual profile, with 43.8% of residents born overseas. Common non-English languages include Mandarin with 1,035 speakers, Canton with 544, Greek with 500, Persian ED with 286 and Italian with 246.
How to read these comparisons
Phrases like "above the national average" reference the unweighted median across Australian suburbs with more than 1,000 residents, not population-weighted national figures. Suburb-level medians are more useful for ranking suburbs against each other; ABS census headlines are population-weighted (so dominated by Sydney and Melbourne) and can read very differently.
Current baseline (refreshed 2026-05-10): median age 40, university-educated 30.1%, born overseas 21.6%, average household size 2.5 people.
Data sources: ABS 2021 Census (demographics, income, tenure), state Valuer-General (house prices), Department of Jobs SALM (unemployment), ACARA (school ICSEA), state Crime Statistics agencies (offences), council DA portals (development applications). Population forecasts use a Hamilton-Perry cohort model calibrated to ABS ERP.
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