Terara (postcode 2540) is a small, quiet locality in New South Wales within the Shoalhaven local government area. With a population of 305, the suburb has a more retirement-aged population with a median age of 59. Households earn a median income of $43K per year, with an average household size of 1.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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 technicians & trades, professionals, managers. Employment in the area leans toward construction and healthcare. The top ancestries reported are Australian, English, Scottish.
Median house prices in Terara stand at $960,000, having dropped significantly by 23.2% over the last twelve months. The current median weekly rent is $580. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,600.
Terara is served by 1 school, including 1 primary. The average ICSEA score is 1009, which is around the national average of 1,000. Public transport access includes 5 bus stops. The crime rate in the Shoalhaven LGA is below average at 3,639 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 3.1% (moderate yield). Property prices sit below the state median ($960K/$1.5M), which can point to relative value. The price-to-income ratio of 22.4x is considered stretched. House prices have moved -23.2% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.