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Terang

POSTAL CODE: VIC, 3264
HOUSE

Property investors have seen a -7.54% 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 $380,000

Profits averaged -0.33% per annum over a 3-year period, due to an downward trend in home prices in TERANG, 3264.

This means, real estate investors could earn a rental income of $395 based on current median home prices for the suburb.

The gross rental yield in TERANG, 3264 is 5.41%.

An average of 3.08 real estate transactions take place per month in TERANG which translates to 37 per annum.

Surburb overview

Terang is a regional town in south-west Victoria within Corangamite Shire, located about 212 kilometres south-west of Melbourne and approximately 48 kilometres east of Warrnambool. The town sits on the Princes Highway and functions as a service centre for surrounding agricultural communities in the Western District.

The 2021 Census recorded a population of 2,293 people.

Terang has longstanding links to dairy farming, livestock grazing, and agricultural services, with the fertile volcanic soils of the surrounding district supporting intensive farming. Healthcare, retail trade and education also contribute to local employment.

Housing in Terang mainly consists of detached homes on established residential streets, with some larger lifestyle properties on the outskirts of town.

Terang railway station is serviced by V/Line trains operating between Melbourne and Warrnambool, supporting regional commuting and travel connections across western Victoria.

The town includes supermarkets, schools, sporting facilities and healthcare services, including the Terang and Mortlake Health Service.

Recreation opportunities include the Terang Golf Club, local sporting reserves and nearby volcanic lakes such as Lake Terangpom and Lake Bookar. Community sport remains a significant part of local life, with football, netball, cricket and racing clubs active in the district.

The wider region provides access to volcanic landscapes, scenic rural routes, and tourist destinations extending toward the Great Ocean Road and the south-west coast.

Terang continues to operate as an important regional hub for nearby farming communities across south-west Victoria. 

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