In 1955 a typical Templestowe house was about $11,000, or 6.5 years of an average wage. In 2026 it is about $1.7M, or 17 years. Here is the decade-by-decade version, what was standing when, and what her block does now.
Modelled, not measured. Prices are the Melbourne median house price of the day (rounded, dollars of the day) scaled to where Templestowe sits against the city median in 2026, blended toward the median for earlier decades because suburbs move up and down the ladder. Wages are national average full-time earnings. Treat every figure as "about". For actual sales history, ask an agent or the state valuer.
Commission homes on the fringe; weatherboards and brick closer in.
Triple-fronted cream brick, timber floors on stumps.
Brown brick project homes, ducted gas, a family room.
The ensuite arrives. Rumpus rooms and pergolas.
Four-two-two under one roof. Federation-revival gables.
Biggest houses in the world. Alfresco and theatre room.
Dual occupancies everywhere. Black frames and butler's pantries.
7-star, no new gas, townhouse pairs. Or a rebuild on Nan's.
Includes ~25% infill that replaced an earlier house.
Rebuild pressure in Templestowe is medium. A knockdown or a subdivision every few streets. Character is shifting but the original stock still dominates. Big 1970s blocks near the Yarra are the KDR target. Single large rebuilds more than subdivision.
Locals know: Sloping blocks toward the river and a Significant Landscape Overlay on many streets. Tree removal is the first approval you will need.
A typical Templestowe block is 800-1,500m². Three realistic paths in 2026.
Blocks of 800-1,500m² in Templestowe commonly support two dwellings, subject to overlays. Two townhouses typically $650K-$900K each to build, plus a 6-12 month permit.
Read the guideOne 230-280m² family home on the full block, $650K-$1.2M depending on builder tier and suburb.
Read the guideRestump, rewire, roof and a bathroom: $70K-$140K to bring an old Melbourne house up to modern comfort.
Read the guideModelled on the Melbourne median of the day and Templestowe's current position relative to the city, a typical Templestowe house was around $17,000 in 1965, or about 6.1 years of an average full-time wage. In 2026 it is around $1.7M, or about 17 years of wages. These are indicative figures, not sales records.
Roughly 25% of today's homes in Templestowe are infill: townhouses, courtyard homes or rebuilds that replaced an earlier house. Rebuild pressure is medium: A knockdown or a subdivision every few streets. Character is shifting but the original stock still dominates.
The largest share of Templestowe (40%) is 1970s brown brick (1970s). Brown or clinker brick veneer, aluminium windows, ducted gas heating, family room, double carport. Project homes in the new estates of the day.
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