196 Millbank RoadTerara NSW 2540
Property Details for 196 Millbank Rd, Terara
Last Listing description (April 2023)
Looking to escape for the weekend? Ray White Gerringong has found a private 6.16 hectare (15 acre) property with comfortable weekend accommodation offering a peaceful country lifestyle.
Nestled back from the road amongst established trees is this quaint holiday cottage comprising 2 bedrooms, 1 bathroom, well equipped kitchen, slow combustion fire, plus separate 1 bedroom studio.
The property has the largest advanced Canary Island Date Palm tree plantation on the East Coast of Australia, an extensive planting of Kentia and Windmill palms providing a great business opportunity for the discerning buyer looking for both a weekend getaway and an income producing property.
This property is located just 5 minutes from spectacular Shoalhaven waterways, Nowra CBD and a 2 hour drive from Sydney.
Property History for 196 Millbank Rd, Terara, NSW 2540
- 07 Mar 2023Sold for $2,035,000
- 24 Jan 2023Listed for Sale Expressions of Interest
- 17 Apr 2014Sold for $1,450,000
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About Terara 2540
The size of Terara is approximately 8.9 square kilometres. It has 3 parks covering nearly 0.7% of total area. The population of Terara in 2016 was 234 people. By 2021 the population was 305 showing a population growth of 30.3% in the area during that time. The predominant age group in Terara is 70-79 years. Households in Terara are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Terara work in a trades occupation.In 2021, 72.30% of the homes in Terara were owner-occupied compared with 73.70% in 2016.
Terara has 206 properties. Over the last 5 years, Houses in Terara have seen a 57.91% increase in median value, while Units have seen a 28.40% increase. As at 31 December 2025:
- The median value for Houses in Terara is $929,400 while the median value for Units is $454,325.
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