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In 1841 Frederic Unwin, a Sydney solicitor, purchased 5,120 acres, or eight square miles of land, including most of the present suburb of Templestowe Lower. The land was purchased from the Crown for one pound an acre under the terms of the short-lived Special Survey regulations. The area was sometimes known as Unwin’s Special Survey. Many European immigrants moved to Templestowe in the 1970s.
Templestowe Lower Post Office opened around 1902 and closed in 1973.
Templestowe Lower has 2 government primary schools; Templestowe Valley Primary School and Templestowe Heights Primary School, as well as a Catholic primary school; St Kevin’s. There is also a secondary college; Templestowe College.