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Terang, VIC 3264
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$500,000
list-price estimate
Median Unit
$340,000
list-price estimate
Gross Yield
-
1yr Growth (houses)
+0.7%
market range -12.5% to +20.0%
Investment snapshot for Terang
Terang has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Terang market and investor summary
Terang sits in VIC, postcode 3264. House prices have moved +0.7% over the past year. At 0.6% vacancy, it is a tight rental market that favours landlords.
Living in Terang: people, income and schools
Terang is home to around 2,254 people, a count that has slipped about 3% over five years. The median age is 49, skewed a little older, and 74% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $60,000 a year, or roughly $1,160 a week. On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (2 out of 10). Incomes have risen about 15% over five years, which tends to underpin what local buyers can pay.
There are 3 schools within about 5km, testing close to the national school average on ICSEA. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 2,254
- -3% over 5yr
- Median age
- 49 years
- Median household income
- $60,000/yr
- Households renting
- 20%
- Family households
- 65%
- Socio-economic rank
- 2/10
- ABS advantage index
- Schools within 5km
- 3
- avg ICSEA 1004
- Unemployment
- 1.8%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Terang
View all →Frequently asked questions about Terang
What should I check before investing in Terang?
Terang has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (0.6% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What does recent house price growth show for Terang?
House prices in Terang are up 0.7% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Terang?
The current vacancy rate in Terang is 0.6%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Terang?
Terang has a population of approximately 2,254 residents, with a median age of 49.
What schools are near Terang?
There are 3 schools within roughly 5km of Terang. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Terang's population growing?
The population of Terang has fallen about 3% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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