9/47 Glendale Avenue, Templestowe VIC 3106

Central Templestowe location | 95% owner-occupied building | 2-bedroom modern unit | low supply and low turnover in complex This property sits in a tightly held, predominantly owner-occupied building of only 15 units, which historically limits listing turnover and supports price stability. The modern open-plan configuration with two bathrooms in a low-rise format is a functional edge over older stock in the area, and the building’s high owner-occupier ratio reduces rental churn risk. It suits a buyer seeking a low-maintenance home in a central position near schools and retail, with the configuration and building quality likely to hold appeal for future owner-occupiers. The primary risk is that the price guide sits near the suburb’s median for two-bedroom units, yet the last comparable sale in the building was $525,000, suggesting a premium for condition or positioning that must be tested at inspection. There is no recent auction clearance data for this segment, so buyer depth is uncertain. The opportunity lies in the building’s low turnover: a purchase here is a long-term hold in a stable, low-supply pocket, and the unit should be treated as a home first, with capital growth driven by scarcity rather than rapid market uplift.