Suburb Profile Report for Terang VIC (3264)

Terang House: Median price $161,000, Annual capital growth 0.48%, Number of sales 32, Weekly median advertised rent $250

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

VIC has seen average median house prices change by 8.12% which means that Terang, 3264 has done well for property investors by showing a capital gain of -21.56% over the last year

Across a shorter period, Terang, 3264 has seen a median price increase of 7.33% over the last quarter.

Property investors looking for a bargain in Terang should be aiming for at least -9.60% off the asking price, which is the average vendor discount being achieved at the moment.

With the median price for a house in Terang being $161000 and the advertised rent reaching $250 the gross rental yield for property investors calculates out to be 8.07%

HOUSE UNIT
$161,000 N/A
7.33% N/A
-21.56% N/A
0.48% N/A
$250 N/A
32 N/A
8.07% N/A
123.59 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Below average (U)
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Demographics
Total population 2348
Median household income ($/weekly) 843
Median age of persons 44
Median housing loan repayment ($/monthly) 1031
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 279 11.9
    35-44 years 265 11.3
    45-54 years 309 13.2
    55-64 years 284 12.1
    65-74 years 264 11.2
    Others 948 40.4
    Age Group
    Census Count Percent(%)
    Registered Married 849 50.4
    Not Married 719 42.7
    Defacto Relationship 115 6.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 2170 95.7
    Indonesia 11 0.5
    New Zealand 15 0.7
    Papua New Guinea 18 0.8
    United Kingdom 31 1.4
    Others 22 1.0
    Country of Birth
    Census Count Percent(%)
    Christianity 1749 80.1
    No Religion 425 19.5
    Buddhism 7 0.3
    Islam 3 0.1
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 109 13.3
    $400-$599 121 14.8
    $600-$799 106 12.9
    $800-$999 93 11.3
    $1,250-$1,499 84 10.2
    Others 307 37.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 773 42.5
    Employed, worked full-time 582 32.0
    Employed, worked part-time 362 19.9
    Employed, away from work 77 4.2
    Unemployed, looking for work 24 1.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 167 16.3
    Professionals 127 12.4
    Technicians & trades workers 151 14.7
    Clerical & administrative workers 114 11.1
    Labourers 142 13.9
    Others 324 31.6
    Occupation
    Census Count Percent(%)
    Pre-school 49 10.3
    Infants/Primary 142 29.9
    Secondary 183 38.5
    Technical or Further Educational Institution 39 8.2
    University or other Tertiary Institutions 39 8.2
    Others 23 4.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2035 94.1
    Flat, unit or apartment 71 3.3
    Semi-detached, row or terrace house, townhouse 22 1.0
    House or flat attached to a shop, office 22 1.0
    Caravan, cabin, houseboat 13 0.6
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 406 45.1
    Being purchased 263 29.2
    Rented 224 24.9
    Other tenure type 7 0.8
    Tenure Type
Census 2011, ABS
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Recent sales & rentals