40 Thomson Street

Terang VIC 3264

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.

Terang has 1,351 properties. Over the last 5 years, Houses in Terang have seen a 96.78% increase in median value, while Units have seen a 94.32% increase. As at 30 September 2024:

• The median value for Houses in Terang is $366,936 while the median value for Units is $352,462.
• Houses have a median rent of $400 while Units have a median rent of $240.