Terara Park, 174 MILLBANK ROAD Terara NSW 2540
This property is Off Market
- Last sold 4/20/2005 for $800,000. The Average property price in this area is $838,641, this is based on recent transactions.
- Internet speed Download 50 Mbps / Upload 20 Mbps
- Distance to the coast 7.44 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Potential Land Contamination risk
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
- 6/4/2024 157 SOUTH ST $960,000
- 2/15/2024 120 MILLBANK RD $450,000
- 6/26/2023 119 TERARA RD $395,000
- 4/18/2023 196 MILLBANK RD $2,035,000
- 7/14/2022 131 MILLBANK RD $1,000,000
About Nowra
With an average age of 48, households expect an average monthly mortgage payment of $1,800 or a weekly rent payment of $350. The average family earns a weekly income of $1,562 with a typical household size of 2.4 and a 89.19% employment rate.
In Terara there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Terara is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Terara changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in Terara to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Terara we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Terara a better buying opportunity than it may have been in the past.
Public Transport
Gerringong
The Husky Ferry Pickup/Dropoff
Bomaderry
Bombo
Bundanoon
Minnamurra
Kiama
Oak Flats
Albion Park
Shellharbour Junction
General Points of Interest
Nowra Showgrounds
South Coast Correctional Centre
Worrigee Links Golf Course
Nowra Golf Course
Ron Brown Oval
North Nowra Shopping Centre
Bernie's Bend
Fern Glen
Shoalhaven Ex-Servicemens Sports Club
Shoalhaven City Lanes & Leisure Centre
Population
(Country of Birth not stated 7%)
Are people healthy?
There are a recorded 2867 asthma sufferers and 1140 people living with diabetes. In addition, 1147 people have a heart/vascular condition and 2845 people live with three or more chronic diseases.A good place to invest in property?
Nowra a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
New South Wales State average 59 / 100
Income
10 / 100
31 / 100
Industry
19 / 100
22 / 100
Population
20 / 100
19 / 100
House Prices
42 / 100
60 / 100
Jobs
23 / 100
29 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsTerara PS Nowra HS
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St Michael's Catholic Primary School
Nowra, NSW, 2541 Independent K-6 -
Nowra Christian School
Nowra, NSW, 2541 Independent K-12 -
Nowra High School
Nowra, NSW, 2541 State 7-12 -
Bomaderry Public School
Bomaderry, NSW, 2541 State K-6 -
Nowra East Public School
Nowra East, NSW, 2541 State P-6 -
Nowra Anglican College
Bomaderry, NSW, 2541 Independent K-12 -
St John the Evangelist Catholic High School
Nowra, NSW, 2541 Independent 7-12
Property Story
Terara Park, 174 Millbank Road, Terara, Nsw, 2540 is a residential property with 6 bedrooms, 5 bathrooms and 2 Parking spaces. The estimated distance to the sea is 7.44km and 0.26KM to vegatation considered to be a factor in bushfire risk.Local Developments
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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