Terang
VIC, 3264
-
Corangamite
Thinking about buying in Terang? Now could not be a better time, with 1526 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $401,000 with prices in this suburb ranging from $73,000 to $4,828,000. The aproximate distance to the coast is 27 Km.
Household Makeup
| Median Weekly Rent | $235.00 |
| Median Monthly Mortgage | $1044.83 |
| Median Persons Per Bedroom | 0.73 |
| Average Household Size | 2.00 |
| Average Age | 49.17 |
| Average Income | $636.17 |
| Average Cars Per Dwelling | 1.82 |
| Average Properties Within 50M | 6 |
Housing Stock
Average Property Prices
| 1 Bed $313,000 |
| 2 Bed $284,000 |
| 3 Bed $394,000 |
| 4 Bed $557,000 |
| 5 Bed $560,000 |
| 6 Bed+$3,788,000 |
Terang Real Estate Market Outlook
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Terang due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Terang 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. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Terang the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Houses for sale Terang
|
37 ESTCOURT ST, TERANG, VIC, 3264 |  4 |
 2 |
 1 |
$540,000-$575,000 |
Local Schools
St Thomas' School
Terang College
(While the above schools are located with the suburb of Terang there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Terang weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 1.4 | 11.1 | 27.2 | 37.5 | 96.4 | 4.1 | 24.7 |
| Feb | 1.2 | 11.8 | 26.8 | 39.7 | 96.6 | 4.0 | 20.5 |
| Mar | 1.1 | 10.4 | 24.3 | 43.7 | 96.6 | 3.7 | 15.7 |
| Apr | 1.5 | 8.3 | 20.3 | 50.3 | 97.6 | 3.5 | 11.5 |
| May | 2.0 | 6.6 | 16.4 | 62.2 | 98.2 | 3.7 | 8.4 |
| Jun | 1.9 | 4.6 | 13.8 | 72.6 | 99.2 | 3.6 | 7.3 |
| Jul | 2.1 | 4.7 | 13.2 | 68.9 | 97.4 | 4.3 | 7.4 |
| Aug | 2.0 | 4.6 | 14.0 | 65.5 | 98.6 | 4.5 | 10.1 |
| Sept | 2.1 | 5.7 | 16.2 | 58.8 | 98.7 | 4.4 | 14 |
| Oct | 1.8 | 6.7 | 18.8 | 55.0 | 98.3 | 4.1 | 18.7 |
| Nov | 1.4 | 8.3 | 21.2 | 51.2 | 98.5 | 4 | 21.6 |
| Dec | 1.5 | 9.8 | 24.4 | 42.9 | 97.5 | 4.2 | 24.9 |
source: Australian Government Bureau of Meteorology
Internet Speed
Download 25 Mbps / Upload 5 MbpsNearby Suburbs
Public Transport
Sherwood Park - Greater then 10KM
Camperdown - Greater then 10KM
Warrnambool - Greater then 10KM
Terang - Less than 5 KM
General Points of Interest
Terang Bowling Club - Less than 5 KM
Terang Golf Club - Less than 5 KM
Terang War Memorial - Less than 5 KM
Terang Racecourse - Less than 2 KM
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