property
House vs Unit Price Divergence in Templestowe Signals Buyer Shift
Median house values in Templestowe climbed while unit prices eased over the past quarter, creating a clear split in local demand patterns.
How we reported this
Templestowe house prices rose 4.2 per cent in the three months to June 2026 while unit prices fell 1.8 per cent, according to sales data compiled by the Manningham Property Report released this week.
The split matters now because interest rate cuts that began in March have drawn more family buyers back into the market at the same time tighter lending rules have kept some investors out of smaller dwellings.
Local sales patterns
Properties along Porter Street near Templestowe Village recorded four house sales above $1.35 million since April, while units in the same postcode posted only two transactions, both below the suburb median. The Manningham Council’s new affordable housing incentive at the site of the former Templestowe Memorial Hall has added eight units to the pipeline but none have yet reached settlement.
Further along High Street, three detached homes changed hands in May and June at prices between $1.48 million and $1.62 million, figures that sit 6 per cent above the same period last year. Unit blocks on adjacent side streets saw asking prices trimmed by agents in June after listings lingered beyond the average 28-day marketing period.
Price evidence and buyer behaviour
The Templestowe median house price reached $1.51 million on 30 June 2026, up from $1.45 million at the end of March. The unit median stood at $698,000, down from $711,000 three months earlier. Clearance rates for houses averaged 72 per cent across the quarter while units cleared at 61 per cent.
Buyers with children are favouring the extra bedrooms and backyards available in house stock near Templestowe Park. Investors who once bought units for rental yields now face higher strata costs and slower capital growth, prompting some to delay purchases.
Local agents advise families to inspect house stock on Porter Street and High Street this month before spring listings arrive. First-home buyers considering units should compare body corporate fees at recent sales against comparable rents in the same buildings to test whether the lower entry price still delivers value.
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.