Terang
3264 VIC
Terang, VIC 3264 is a small suburb with a population of 2254 residents. The age distribution is diverse, with a significant number of individuals aged between 5 to 64 years. The median household income is $1,162 weekly, and the suburb has a mix of occupations, with Managers, Professionals, and Technicians & Tradeworkers being the top three occupations.
Terang presents opportunities for property investors interested in houses. With a sale price IQR ratio of 38.1%, the suburb may attract renovators. The market absorption rate of 20.0% suggests a demand that may lead to potential price growth. The suburb also shows signs of slight population decline, which is a factor to consider for long-term investment strategies.
Terang, VIC 3264 offers a peaceful lifestyle for residents with varied age groups and occupations. Property investors interested in the house market may find opportunities in the suburb, considering factors like sale price IQR ratio and market absorption rate.
Sources:
- proptechdata.com.au
- Australian Bureau of Statistics (ABS) Census 2021
- Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022
Neighbouring Suburbs
Suburb Highlights
Pricing and long-term growth profile for Terang houses.
Median Price
$368k
# Sales
30
12M Growth
-15.5%
10Y Ave Growth
5.8%
Why Buyers Look Here
Owner occupier appeal — 74% owner-occupied — strong community stability and pride of ownership.
Proven growth — 5.8% average annual growth over 10 years.
Tight supply — Only 1.2% of stock on market — limited turnover supports price growth.
Capital Growth
Pricing and long-term growth profile for Terang houses.
Median Price
$368k
# Sales
30
12M Growth
-15.5%
10Y Ave Growth
5.8%
Rental Market
Yield, rental pricing and vacancy performance for Terang houses.
Weekly Rent
$395
Rental Yield
5.5%
Vacancy Rate
0.5%
Rentals Last 12M
11
Supply & Demand
Stock levels, days on market and selling conditions for Terang.
Stock on Market
1.2%
Days on Market
41
Building Approvals
1.8%
Infrastructure Spend
—
Demographics
Household profile, income strength and owner occupier mix in Terang.
Population
2,254
Owner Occupiers
74%
Median Income
$60k
IRSAD Rank
15
