Terang Suburb Profile

Victoria 3264

Terang has 1,346 properties. Over the last 5 years, Houses in Terang have seen a 91.53% increase in median value, while Units have seen a 60.02% increase. As at 30 April 2024:

• The median value for Houses in Terang is $352,823 while the median value for Units is $387,593.
• Houses have a median rent of $385 while Units have a median rent of $240.

The size of Terang is approximately 119.2 square kilometres. It has 4 parks covering nearly 0.5% of total area. The population of Terang in 2011 was 2,348 people. By 2016 the population was 2,281 showing a population decline of 2.9% in the area during that time. The predominant age group in Terang is 50-59 years. Households in Terang are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Terang work in a managers occupation. In 2011, 71.2% of the homes in Terang were owner-occupied compared with 72.6% in 2016.