Suburb Profile Report for Terang VIC (3264)

Terang House: Median price $197,000, Annual capital growth 3.30%, Number of sales 44, Weekly median advertised rent $270

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

Terang, 3264 ranked 56th in VIC when comparing growth in median property values or capital gain over the last 12 months. Terang is one of 2099 in our list for VIC

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Terang has increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Terang should be aiming for at least -7.92% off the asking price, which is the average vendor discount being achieved at the moment.

Renters in Suburb are facing rents around $14040 per annum or $270 every week.

Metrics i HOUSE UNIT
$197,000 N/A
0.00% N/A
13.22% N/A
3.30% N/A
$270 N/A
44 N/A
7.13% N/A
82.1875 N/A

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (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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