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 2011 was 241 people. By 2016 the population was 217 showing a population decline of 10.0% in the area during that time. The predominant age group in Terara is 60-69 years. Households in Terara are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Terara work in a trades occupation. In 2011, 66.7% of the homes in Terara were owner-occupied compared with 73.7% in 2016..
Terara has 203 properties. Over the last 5 years, Houses in Terara have seen a 59.73% increase in median value. As at 31 October 2024:
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