Thinking about buying in Terara? Now could not be a better time, with just 236 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $347,000 with prices in this suburb ranging from $19,000 to $7,100,000. Terara is located fairly close to the coast at just 5Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Terara Real Estate Market Outlook

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.

Properties for sale Terara

180 SOUTH ST, TERARA, NSW, 2540

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Recently Sold Properties / House Prices

04-06-2024	$960,000	157 SOUTH ST
15-02-2024	$450,000	120 MILLBANK RD
26-06-2023	$395,000	119 TERARA RD
18-04-2023	$2,035,000	196 MILLBANK RD
14-07-2022	$1,000,000	131 MILLBANK RD
29-04-2022	$770,000	5 HOLME ST
01-04-2022	$1,550,000	2 TERARA RD
04-06-2021	$380,000	5 NOBBLERS LANE
28-04-2021	$1,250,000	8 FORSYTH ST
08-03-2021	$1,060,000	344 COMERONG ISLAND RD
03-12-2020	$685,000	4 WEST BERRY ST
28-05-2020	$2,250,000	55 TERARA RD
04-07-2019	$700,000	73 MILLBANK RD
02-11-2018	$533,334	88 TERARA RD
08-10-2018	$905,000	92 MILLBANK RD
28-09-2018	$6,250,000	77 MILLBANK RD
04-06-2018	$680,000	121 TERARA RD
25-09-2017	$1,230,000	6 HOLME ST
21-07-2017	$550,000	182 SOUTH ST
25-01-2017	$12,500	1 MILLBANK RD
11-01-2017	$646,000	10 FORSYTH ST
06-01-2017	$2,000,000	135 TERARA RD
09-12-2016	$1,035,000	330 COMERONG ISLAND RD
22-11-2016	$13,700	92 TERARA RD
18-03-2016	$580,000	6 FOX ST
27-02-2015	$900,000	1 NOBBLERS LANE
13-02-2015	$430,000	139 TERARA RD
16-07-2014	$45,000	3 SOUTHERN RD
17-04-2014	$1,450,000	196 MILLBANK RD
26-06-2013	$1,650,000	62 MILLBANK RD
12-11-2012	$410,000	6 FOX ST
15-10-2012	$405,000	3 HOLME ST
02-02-2012	$405,000	119 TERARA RD
29-06-2011	$1,000	55 TERARA RD
02-05-2011	$550,000	125 TERARA RD
06-12-2010	$310,000	151 SOUTH ST
27-08-2010	$290,000	7 MILLBANK RD
24-05-2010	$600,000	73 MILLBANK RD
21-01-2010	$585,000	131 MILLBANK RD
15-01-2010	$330,000	3 HOLME ST
21-04-2008	$480,000	155 SOUTH ST
17-12-2007	$460,000	24 WEST BERRY ST
30-11-2007	$61,000	5 NOBBLERS LANE
21-09-2007	$695,000	196 MILLBANK RD
16-03-2006	$435,000	73 MILLBANK RD
14-03-2006	$220,000	390 COMERONG ISLAND RD
16-08-2005	$6,000	1 MILLBANK RD
09-06-2005	$120,000	3 HOLME ST
20-04-2005	$800,000	174 MILLBANK RD

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Internet Speed

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Nearby Suburbs

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Public Transport

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General Points of Interest

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