Located in New South Wales within the Lake Macquarie local government area, Teralba is a smaller suburb (postcode 2284). With a population of 2,654, the suburb has a blend of families and working-age professionals with a median age of 37. Households earn a median income of $107K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.1% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
Median house prices in Teralba stand at $1.0 million, having risen steeply by 14.9% over the last twelve months. Units have a median price of $653,000 (+8.8% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $2,167.
Teralba is served by 1 school, including 1 primary. The average ICSEA score is 959, which is around the national average of 1,000. Public transport access includes 1 rail station, 8 bus stops. The crime rate in the Lake Macquarie LGA is below average at 3,436 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 3.8% (moderate yield). Property prices sit below the state median ($1.0M/$1.5M), which can point to relative value. The price-to-income ratio of 9.7x is considered moderate. House prices have moved +14.9% year-on-year. Population growth of +1.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.