All About Terang, Corangamite, VIC, 3264
The housing market in Terang, located within the Corangamite Shire of Victoria, has traditionally been characterized by its relative affordability and stability, appealing particularly to families and retirees seeking a more relaxed pace of life. Over recent years, the town has seen gradual increases in property values, reflecting its growing appeal as a rural community with a strong sense of community and an abundance of natural beauty. The housing stock in Terang primarily consists of detached houses with spacious yards, offering a classic Australian blend of indoor-outdoor living. Given its position in a predominantly agricultural region, many homes also feature large plots of land, which are ideal for gardening enthusiasts or those seeking a self-sufficient lifestyle. This affordability compared to urban centers, combined with a modest but appealing property market, makes Terang an attractive option for first-home buyers and investors alike.
Living in Terang offers a quintessential small-town experience, enriched by a welcoming community atmosphere and strong local connections. The town itself provides essential amenities including shops, schools, and healthcare facilities, ensuring residents can meet their daily needs without the necessity of frequent travel. Community events and local sports are a significant part of life in Terang, fostering interactions among residents and promoting a lively social scene. The surrounding countryside offers recreational opportunities for outdoor enthusiasts, including walking and cycling trails, and the nearby coast broadens the range of activities available. The lifestyle in Terang is one of tranquility and comfort, deeply connected to its rural roots, making it an ideal location for those seeking a slower, more mindful pace of life without sacrificing access to essential services.
Household Makeup
| Median Weekly Rent | $235.00 |
| Median Monthly Mortgage | $1044.83 |
| Median Persons Per bed houseroom | 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 |
| Typical 1 bed house | $313,000 |
| Typical 2 bed house | $284,000 |
| Typical 3 bed house | $394,000 |
| Typical 4 bed house | $557,000 |
| Typical 5 bed house | $560,000 |
| Typical 6 bed+ house | $3,788,000 |
Housing Stock
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Terang Real Estate Market Outlook
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.
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.
Instant Property ValuationHouses for sale Terang
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116 Peterborough Road, Terang, VIC, 3264 |  |
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Contact Agent !!! | |
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37 Estcourt Street, Terang, VIC, 3264 | 4 |
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$520,000-$545,000 |
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
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
Nearby Suburbs
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