Suburb Profile Report for Terang VIC (3264)

Terang House: Median price $170,000, Annual capital growth 1.92%, Number of sales 33, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report

Property investors who have had real estate in Terang, 3264 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 6.25%

If we look at median property appreciation over just the last three months, Terang has given property investors a paper return of 9.68%. This puts Suburb as 37 on a list of fastest fasting appreciating suburbs in VIC

LACK OF BUYER INTEREST may well be the reason that Terang is offering property investors an average of -5.53. This rate of discount on properties puts Suburb at number 50th in terms of most discounted suburbs in VIC

Advertised rents are around the $250 mark per week – giving a return of 7.65% based on the median price in Suburb

Metrics i HOUSE UNIT
$170,000 N/A
9.68% N/A
6.25% N/A
1.92% N/A
$250 N/A
33 N/A
7.65% N/A
131.69 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
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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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