Terang

POSTAL CODE: VIC, 3264

HOUSE

Property investors have seen a -5.52% drop in TERANG based on a decrease in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains TERANG, 3264 saw average growth in the long term.

The VIC 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 $411,000

Profits averaged 3.33% per annum over a 3-year period, due to an upward trend in home prices in TERANG, 3264.

This means, real estate investors could earn a rental income of $400 based on current median home prices for the suburb.

The gross rental yield in TERANG, 3264 is 5.06%.

An average of 3.33 real estate transactions take place per month in TERANG which translates to 40 per annum.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$411,000	N/A
Growth Report
Median Quarterly	-5.52%	N/A
Median 12 month	2.11%	N/A
Median 3 years	10.78%	N/A
Median 5 years	74.15%	N/A
10 years average annual	8.5%	N/A
Weekly media advert. rent	$400	N/A
Time on Market	56 days	N/A
Gross Rental Yield Percent	5.06%	N/A

Demographics (Median Values)*

Total Population 2288

Weekly Household Income 1012

Household Size 2.30

Average Age 47

Monthly Loan Repayment 1045

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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