Investment property in Terang has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.25%
Comparing Terang,3264 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Property buyers and investors in Terang 3264 should be seeing an average reduction in asking price of around -3.68% . This means that Terang is holding prices well when compared to other suburbs in VIC.
At number 2722 in a list of fastest selling suburbs, Terang is in the bottom 30% of suburbs in Australia with an average of days on market 93.9375 for properties listed there.
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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.