True annual cost of living in Templestowe Lower, VIC 3107
Living in a house in Templestowe Lower costs about $9,574 a year: council rates, water and sewerage, commute and home insurance combined. Templestowe Lower sits 14.4 kilometres from Melbourne CBD. Unit costs reach $10,394, with the $2,300 owners corporation levy accounting for the entire difference between the two. Switching from driving to public transport saves $1,898 per year at this distance.
About $184 a week to run a house here, including estimates
Unit annual cost
$10,394
Incl. owners corporation
$866/month
About $200 a week to run a unit here, including estimates
House vs unit difference
+$820
Unit costs more per year
Annual cost breakdown
Council rates
Official, 2026-27 Manningham rates
$2,065
Water & sewerage
Official, 2026-27 Yarra Valley Water
$1,538
Driving commute
Modelled, 2026-27 ATO 91c/km · 14.4km from CBD · 192 days
$4,121
Home insurance
Estimated flood Medium · fire Low
$1,850
Owners corporation
Estimated
$2,300
Total annual running cost
$9,574
($798/month, $184/week)
Excludes electricity, estimated separately below. Also excludes the state Emergency Services and Volunteers Fund levy on your rates notice: $139 a year plus 17.3 cents per $1,000 of your home's capital improved value (2026-27).
↓ 9% below Manningham City Council average
SuburbCost affordability score ●●●○○6.5/10 Good
Cheaper to run than 56% of Manningham City Council suburbs. Score blends running cost (50%), schools (20%) and flood & fire risk (30%).
Estimated electricity cost
typical 2-person household
House
$1,759/yr
4,840 kWh
Unit
$1,428/yr
3,630 kWh
Estimated from AER residential benchmarks for Templestowe Lower's climate zone at 2026-27 regulated prices for its electricity network. Get the free report for a breakdown by your exact number of occupants.
Getting around Templestowe Lower
within a 2 km walk
Nearest stop
Doncaster Shopping Centre, 2,377 m away, about a 30 minute walk. It is a bus stop.
Nearest hospital
Doncaster Private Hospital, 3,041 m away, about a 38 minute walk.
Supermarkets
6
Cafes
5
Parks
64
Counted from OpenStreetMap via Overpass inside a 2 km walking radius of the suburb centre, built 2026-11-03. Distances are straight line from that centre, so a specific address can be closer or further. Mapping is contributed and can lag a new opening.
Frequently asked questions about Templestowe Lower
Is it cheaper to drive or take public transport from Templestowe Lower to the CBD?
Public transport saves Templestowe Lower residents $1,898 per year. Annual commute cost by car is $4,121 versus $2,223 by public transport using a yearly myki Pass at the 2026 standard full fare.
What are the council rates in Templestowe Lower?
Templestowe Lower falls under Manningham City Council. The average residential rate for 2026-27 is $2,065 per year, from the council's budget: residential rate revenue divided by the number of residential assessments, plus the council's municipal charge where it sets one. Victorian councils rate on capital improved value, so individual properties pay more or less than the average. The figure excludes waste charges and the state Emergency Services and Volunteers Fund levy.
What does it cost to run a unit in Templestowe Lower?
Running a unit in Templestowe Lower costs approximately $10,394 per year by car or $8,496 by public transport. This includes council rates of $2,065, water and sewerage $1,538, estimated owners corporation levy of $2,300, and contents insurance of $370. Owners corporation fees vary significantly between buildings. Always confirm the actual levy before purchasing.
Is Templestowe Lower close to public transport?
The nearest scheduled service to the centre of Templestowe Lower is Doncaster Shopping Centre, a bus stop about 2,377 m away, about a 30 minute walk. That is measured from the suburb centre, so an individual address can be nearer or further. The commute figure used in the running cost on this page assumes driving, not this service.
What is the closest hospital to Templestowe Lower?
The closest hospital to the centre of Templestowe Lower is Doncaster Private Hospital, about 3,041 m away, about a 38 minute walk. Distance is straight line from the suburb centre and does not account for the road route or whether the hospital has an emergency department.
What shops and parks are in Templestowe Lower?
Within a 2 km walk of the centre of Templestowe Lower there are 6 supermarkets, 5 cafes and 64 parks. These counts come from OpenStreetMap via Overpass, which is contributed mapping and can lag a recent opening or closure.
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Data sources: Council rates: Manningham rates (2026-27 budget). Water: Yarra Valley Water 2026-27. Commute: ATO cents per kilometre rate 2026–27 (91c/km). Insurance: estimated from ACCC 2026 premium rates for the area's cyclone risk on a standard $600,000 home, adjusted for flood and fire, disclosed as estimate. Schools: ACARA ICSEA 2025. Risk: Flood: Victorian planning scheme flood overlays (FO, LSIO, SBO). Fire: Bushfire Management Overlay and Bushfire Prone Area. Data last verified November 2026. Cost estimates are for comparison purposes only and do not constitute financial, insurance, or credit advice.