Teralba

POSTAL CODE: NSW, 2284
HOUSE

Homeowners and real estate investors betting on TERALBA, 2284 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 18.99%.

A steady increase in median property prices over a five-year period in the suburb translates to a 23.59% capital gain.

Property investors in TERALBA enjoyed capital gains of 18.99% over the last 12 months translating to higher returns compared with its peers in the territory.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,118,500.

Profits due to an upward trend in home prices there averaged 7.86% per annum over a 3-year period.

Home owners selling their properties and realtors in TERALBA usually have to wait an average of 43.6 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $800 mark, reflecting a 3.72% increase in returns based on the current median price in TERALBA.

TERALBA, 2284 places 794th in Australia based on median property value growth during the quarter.

Surburb overview

Teralba is a residential suburb in the City of Lake Macquarie, NSW, with postcode 2284, situated near the northern end of Lake Macquarie between Booragul, Boolaroo, Edgeworth and Wakefield.

The suburb is about 17 kilometres west of Newcastle’s central business district, with Five Islands Road and other local roads providing connections towards Newcastle, Glendale and surrounding Lake Macquarie communities.

The 2021 Census recorded about 1,700 residents in Teralba, with separate houses comprising much of the suburb’s housing. Established housing is concentrated around the railway corridor and local road network, while bushland and industrial land occupy parts of the wider locality.

Teralba railway station is located on the Central Coast & Newcastle Line and provides passenger rail connections towards Newcastle, the Central Coast and Sydney. Bus services also operate through Teralba and surrounding suburbs, providing connections with Glendale, Boolaroo and other nearby centres.

Teralba Public School provides primary education in the suburb, while Lake Macquarie High School in nearby Booragul is one of the area's secondary education options.

Residents can access local businesses for some everyday needs, while nearby Boolaroo and Glendale provide supermarkets, pharmacies, medical practices and a broader range of retail and professional services. The Glendale commercial precinct contains major retail facilities, while additional healthcare services are available in Cardiff and other Newcastle and Lake Macquarie centres.

Teralba lies close to Cockle Creek and the northern reaches of Lake Macquarie, providing access to foreshore and water-based recreation in surrounding suburbs. Nearby Speers Point Park features sports fields, playgrounds, picnic facilities, and extensive public open space beside Lake Macquarie. Shared pathways around the northern lake foreshore provide opportunities for walking, running and cycling.

Booragul is home to the Museum of Art and Culture Lake Macquarie, Yapang, and its adjoining Sculpture Park. The bushland around Teralba and the nearby Sugarloaf Range provide additional opportunities for nature-based recreation, subject to access conditions.

Local parks, sporting areas and reserves provide further spaces for informal and organised recreation within Teralba and neighbouring suburbs.

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