Terrey Hills is a smaller suburb in New South Wales within the Northern Beaches local government area (postcode 2084). With a population of 3,142, the suburb has a mature demographic with a median age of 47. Households earn a median income of $144K per year, with an average household size of 3 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Terrey Hills is $2.1 million, having dropped significantly 9.7% over the past year. Units have a median price of $1.4 million (-9% YoY). The current median weekly rent is $1200. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $3,033.
Terrey Hills is served by 5 schools, including 3 primary, 2 combined. The average ICSEA score is 1125, which is well above the national average of 1,000. Public transport access includes 30 bus stops. The crime rate in the Northern Beaches LGA is low at 1,499 incidents per 100,000 population.
From an investment perspective, Terrey Hills offers a gross rental yield of 3.0%, rated as low yield. Property prices are above the state median ($2.1M/$1.5M), placing it in the premium segment. The price-to-income ratio of 14.5x is considered stretched. House prices have moved -9.7% year-on-year.
Terrey Hills is a smaller suburb in New South Wales within the Northern Beaches local government area (postcode 2084). With a population of 3,142, the suburb has a mature demographic with a median age of 47. Households earn a median income of $144K per year, with an average household size of 3 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Terrey Hills is $2.1 million, having dropped significantly 9.7% over the past year. Units have a median price of $1.4 million (-9% YoY). The current median weekly rent is $1200. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $3,033.
Terrey Hills is served by 5 schools, including 3 primary, 2 combined. The average ICSEA score is 1125, which is well above the national average of 1,000. Public transport access includes 30 bus stops. The crime rate in the Northern Beaches LGA is low at 1,499 incidents per 100,000 population.
From an investment perspective, Terrey Hills offers a gross rental yield of 3.0%, rated as low yield. Property prices are above the state median ($2.1M/$1.5M), placing it in the premium segment. The price-to-income ratio of 14.5x is considered stretched. House prices have moved -9.7% year-on-year.