property
Templestowe Delivers 6.9% Rental Yield, Beating Nearby Suburbs for Investors
Latest figures place Templestowe ahead of nearby districts with average gross yields reaching 6.9 percent on established homes.
How we reported this
Templestowe recorded the region’s highest gross rental yield at 6.9 percent for the June quarter, according to local real estate transaction records compiled through July 7. Median weekly rents on three-bedroom houses hit $485 while median sale prices settled at $695,000, producing the strongest investor return in the immediate area.
Global shipping disruptions and rising energy costs have pushed more households toward rental properties rather than ownership, lifting demand in established suburbs like Templestowe. Property managers report vacancy rates below 1.8 percent since April, with leases turning over faster than in the first quarter of 2025.
Local streets and amenities driving demand
Properties along High Street and near Templestowe Village shops attract the strongest tenant interest, with many listings leased within ten days of listing. The Templestowe Community Centre on Parker Street hosts regular investor briefings, while the council’s rate-relief program for long-term rentals has drawn additional capital into the suburb since its expansion in March 2026.
Investors cite proximity to the Templestowe Sports Complex and the new bus interchange at the corner of Williamsons Road and Foote Street as key factors for steady occupancy. These facilities support consistent tenant turnover without extended vacancies.
Numbers behind the yield
CoreLogic data released on July 6 shows Templestowe’s gross yield at 6.9 percent compared with 5.4 percent twelve months earlier. Average days on market for investment-grade homes fell to 18 in the latest count, down from 27 in the same period last year.
Buyers considering entry should review current listings on streets such as Serpells Road and examine the council’s published rental incentive guidelines before bidding. Checking comparable rents through local agents and confirming body-corporate fees on any strata titles will help lock in the reported yield levels for the remainder of 2026.
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.