Templestowe Land Release Opens August 15: Here's How to Apply

The City of Manningham has announced that 15 hectares of land in Templestowe will be released for development, with applications opening on August 15, 2026. This land release is expected to provide a significant boost to the local property market, with a mix of residential and commercial developments planned for the area.

The land release is particularly significant given the current demand for housing in Templestowe, with the suburb experiencing a 10% increase in property prices over the past 12 months. The release of new land will provide opportunities for developers to build new homes, apartments, and commercial spaces, which will help to meet the growing demand for housing and amenities in the area. The Templestowe Village Shopping Centre and the nearby Park Road shopping strip are expected to benefit from the increased foot traffic and commercial activity.

Local Details and Opportunities

The land release will be focused on the areas surrounding Anderson Creek Road and Foote Street, with several parcels of land being made available for development. The City of Manningham has indicated that it will be prioritizing applications from developers who propose sustainable and environmentally-friendly developments, such as those incorporating green spaces and energy-efficient design. The Manningham Council's Planning Department will be working closely with developers to ensure that all proposals meet the necessary standards and guidelines. Local organisations, such as the Templestowe Residents Association and the Manningham Business Network, will also be involved in the consultation process.

According to data from the City of Manningham, the median house price in Templestowe is currently $1.2 million, with apartments selling for an average of $650,000. The land release is expected to provide opportunities for developers to build more affordable housing options, with prices starting from around $500,000 for a one-bedroom apartment. Since the beginning of 2026, there have been 250 new dwellings approved for construction in Templestowe, with a total value of $120 million. The land release is expected to increase this number significantly, with predictions suggesting that up to 500 new dwellings could be built in the area over the next two years.

To apply for the land release, developers will need to submit an expression of interest to the City of Manningham by September 30, 2026. Applications will be assessed based on a range of criteria, including the proposed use of the land, the design and sustainability of the development, and the potential economic benefits to the local community. The City of Manningham has indicated that it will be providing support and guidance to developers throughout the application process, with a series of information sessions and workshops planned for August and September. Developers can visit the City of Manningham's website or contact the Planning Department directly to register their interest and obtain more information about the application process.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.