Investment property in Terang has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.12%
Over the longer term, Terang has seen property prices show investors a 24.52% return over the last 3 years. This is worse than over the last 12 months
Terang3264 is located in VIC which offers an average discount of -6.80% to property investors. Terang itself is showing figures that indicate -7.26% is the average achievable by property buyers investing in the suburb.
At number 2292 in a list of fastest selling suburbs, Terang is in the bottom 40% of suburbs in Australia with an average of days on market 88.3333 for properties listed there.
A $270 per week rent on the median house gives suburb investors a gross yield of circa 7.27%, without taking into account capital value appreciation, which has been averaging out at 3.42%.
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Terang, VIC – Peaceful but well connected
Median house price: $191,950
Three-year growth: 25.9%
Rental yield: 7.3%
Although being a relaxed town that is removed from the bustling capital of Melbourne, Terang offers a wide range of activities that have wide appeal.
Immediate access to a main motorway allows residents to remain connected to work opportunities and amenities that are available in the greater region. While most shopping can be done in the local town, which has a grocery store, the suburbs of Camperdown and Cobden provide further options. Terang also has its own medical centre and school.
The scenic Mt. Noorat Volcano Walk can be experienced nearby, which provides sweeping views, and the suburb is part of the handful of stops that comprise the tourist acclaimed Great Ocean Road Drive.