Terang is in the bottom 30% in VIC when comparing median price capital growth over the last year. Terang gave property investors a disappointing capital gain figure when compared to the rest of the state, with -1.79%.
Terang,3264 has offered an average of -1.79% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Terang is giving property investors an average Vendor Discount of around -5.92%. This puts suburb at number 302th in VIC when ranking the most discounted suburbs.
On average over the past year, suburb has had 3.75 sales per month, which equates to 45 per year.
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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.