Thinking about buying in Terrace Creek? Now could not be a better time, with just 25 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $680,000 with prices in this suburb ranging from $619,000 to $1,424,000. The aproximate distance to the coast is 63 Km.
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In Terrace Creek 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 Terrace Creek 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. Low average earnings from people in Terrace Creek leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. 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 Terrace Creek 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.
418 TERRACE RD, TERRACE CREEK, NSW, 2474 | 3 | 1 | 2 | $1,690,000 |
None within suburb boundary
(While the above schools are located with the suburb of Terrace Creek there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 4.5 | 19.1 | 31.4 | 47.5 | 94.1 | 1.9 | 23.8 |
Feb | 2.3 | 19.7 | 31.2 | 54 | 94.9 | 2.1 | 24.2 |
Mar | 5.0 | 18.2 | 29.4 | 51.0 | 94.1 | 1.7 | 18.4 |
Apr | 1.6 | 14.0 | 27.0 | 48.5 | 95.7 | 1.5 | 16.7 |
May | 1.9 | 9.5 | 23.8 | 47.1 | 96.2 | 1.3 | 13.9 |
Jun | 1.6 | 7.7 | 21.4 | 49.9 | 96.1 | 1.4 | 12.0 |
Jul | 1.1 | 7.2 | 21.9 | 46.1 | 96.6 | 1.1 | 13.2 |
Aug | 0.8 | 6.0 | 23.7 | 32.3 | 94.1 | 1.4 | 15.8 |
Sept | 1.4 | 9.9 | 26.1 | 36.1 | 94.8 | 1.6 | 19.8 |
Oct | 2.2 | 12.3 | 27.9 | 36.8 | 94.6 | 1.8 | 23.1 |
Nov | 2.2 | 16.2 | 30.3 | 40.2 | 93.2 | 1.8 | 25.9 |
Dec | 3.6 | 18.3 | 31.1 | 45.3 | 93.6 | 1.8 | 24.8 |
source: Australian Government Bureau of Meteorology
10-06-2021 | $860,000 | 376 FINDON CREEK RD |
14-09-2018 | $500,000 | 220 FINDON CREEK RD |
29-07-2016 | $880,000 | 405 FINDON CREEK RD |
08-12-2014 | $300,000 | 20 LEVERS RD |
25-11-2014 | $322,500 | 22 LEVERS RD |
15-08-2014 | $380,000 | 376 FINDON CREEK RD |
13-08-2014 | $305,000 | 22 LEVERS RD |
17-10-2013 | $175,000 | 203 TERRACE RD |
12-09-2012 | $375,000 | 349 FINDON CREEK RD |
31-08-2009 | $750,000 | 418 TERRACE RD |
02-04-2009 | $852,990 | 509 TERRACE RD |
17-02-2006 | $300,000 | 176 TERRACE RD |
09-05-2005 | $380,000 | 29 MCINNES RD |
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