Investment property in Terang has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -5.97%
If we look at median property appreciation over just the last three months, Terang has given property investors a paper return of 3.68%. This puts Suburb as 130 on a list of fastest fasting appreciating suburbs in VIC
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Terang, 3264. Typically our figures indicate that -4.64% is being offered, which puts this VIC suburb at 1093th most discounted overall in Australia.
Often selling an investment property can take time, and in Terang the average time real estate has been on the market is 67.1111 days.
Terang is 4th on a list of best yielding suburbs for rents in VIC with a 7.92% return
Information supplied by:
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.