City of Manningham
For private listings Homes in Warrandyte were the quickest to sell with 31 days on the market, as of March 2023.
Doncaster witnessed the biggest improvement, cutting down 9 days compared to last year.
- Warrandyte, 31 days
- Donvale, 33 days
- Wonga Park, 33 days
- Templestowe Lower, 36 days
For auctions, the City of Manningham cleared 81.5 percent of 211 auctions from January to March in 2023.
The top selling suburbs through auction: Suburb Sold CR% Doncaster East 51 87.9% Doncaster 33 76.7% Templestowe 25 92.6% 22 84.6% Templestowe Lower Donvale 21 67.7% Bulleen 18 78.3%
Developments that will potentially boost property value in the area
- Templestowe Road will be home to new soccer facilities. The project is aiming to open in 2024.
- North East link tunnels will provide access to Melbourne’s north connecting to Watsonia by 2028.
- $18m Jumping Creek Road upgrade between Warrandyte and Wonga Park to begin construction. Impressive performance in the premium spot
The median house price for Manningham has increased by 1.7 percent quarterly to remain above the $1.5 million level, strengthening its position as one of the premium hotspots across the state. With convenient amenities and high-quality schools, Templestowe and Templestowe Lower continue to attract buyers to the area, leading to house price growth.
House Median Price Quarterly Change Templestowe $1,810,944 +23.2%
Templestowe Lower $1,515,000 +17.6%
Doncaster East $1,566,000 +2.5% Unit/Apt Median Price Quarterly Change
Donvale $960,000 +20.9% Doncaster East $991,500 +8.4% Well-established market with strong demand
Source: DEWL
