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55 Terara Road,
Terara NSW 2540

This property is Off Market

All about Terara Homes for sale in Terara


  • Last sold 5/28/2020 for $2,250,000. The Average property price in this area is $838,641, this is based on recent transactions.
  • Internet speed Download 100 Mbps / Upload 40 Mbps
  • Distance to the coast 8.40 km
  • Potential bushfire risk 0 / 10
  • Report as to subsidence
  • Potential Land Contamination risk
  • Powerlines within 200m 0
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School Catchments

Property For Sale Nearby

Recently Sold Properties in this Area

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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

General Points of Interest


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

  • School Catchments
    Terara PS Nowra HS
  • Nowra Public School

    Nowra, NSW, 2541 State K-6

  • Terara Public School

    Terara, NSW, 2540 State K-6

  • Nowra East Public School

    Nowra East, NSW, 2541 State P-6

  • St Michael's Catholic Primary School

    Nowra, NSW, 2541 Independent K-6

  • Bomaderry Public School

    Bomaderry, NSW, 2541 State K-6

  • Nowra Anglican College

    Bomaderry, NSW, 2541 Independent K-12

  • Bomaderry High School

    Bomaderry, NSW, 2541 State 7-12

  • Shoalhaven High School

    Nowra, NSW, 2541 State 7-12

  • Illaroo Road Public School

    North Nowra, NSW, 2541 State K-6

  • Nowra High School

    Nowra, NSW, 2541 State 7-12


Property Story

55 Terara Road, Terara, Nsw, 2540 is a residential property with 5 bedrooms, 3 bathrooms and 2 Parking spaces. The estimated value of this home is $3,270,000. The estimated distance to the sea is 8.4km and 0.49KM 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

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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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