Templestowe Lower is a suburb with a diverse demographic profile, with a mix of age groups represented. The majority of residents are aged between 45 to 64 years and 65 years or over. The suburb has a high percentage of professionals and managers, indicating a strong job market. Commuting primarily involves motor vehicles and working from home is popular among residents. In terms of education, the ICSEA percentile for government schools is relatively high at 85.5. For houses, Templestowe Lower presents a good opportunity for investors looking for properties with a potential for renovation, given the high Sale Price IQR ratio. It also has a healthy market absorption rate suggesting a positive outlook for property prices. On the other hand, units in the suburb have shown significant median growth over the years and have a relatively low vacancy rate, making them an attractive option for investors seeking capital growth. Templestowe Lower offers a desirable lifestyle for residents with its diverse demographics and educational advantages. For property investors, both houses and units in the suburb present opportunities. Houses are ideal for those interested in renovation projects and benefiting from market absorption rates, while units offer potential for capital growth with their historical growth rates and low vacancy rates. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022