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Terang
AREA REPORTS

Terang

Terang - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3264

house

Property investors have seen a 4.66% gain in TERANG based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on TERANG, 3264 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 28.65%.

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 $308,750

Profits averaged 19.99% 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 $320 based on current median home prices for the suburb.

The gross rental yield in TERANG, 3264 is 5.39%.

An average of 5 real estate transactions take place per month in TERANG which translates to 60 per annum.

Data report can be found below

Terang
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $308,750 N/A
GROWTH REPORT
Median Quarterly 4.66% N/A
Median 12 month 28.65% N/A
Median 3 years 59.97% N/A
Median 5 years 84.88% N/A
10 years average annual 7.11% N/A
Weekly media advert. rent $320 N/A
Time on Market 38.2 days N/A
Gross Rental Yield Percent 5.39% N/A
demographics (median values)*
Total Population
2288
Weekly Household Income
1012
Household Size
2.30
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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