Terrigal (postcode 2260) is a settled mid-to-large suburb in New South Wales within the Central Coast (NSW) local government area. The area has roughly 12,730 residents and an established family demographic, with a median age of 43. 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 +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 professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
Terrigal has a median house price of $1.6 million, which has fallen by 3.1% year-on-year. Units have a median price of $1.2 million (+5.4% YoY). The current median weekly rent is $885. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $2,492.
Terrigal is served by 4 schools, including 2 primary, 1 secondary, 1 special. The average ICSEA score is 1064, which is above the national average of 1,000. Public transport access includes 2 rail stations, 1 tram stop, 74 bus stops. The crime rate in the Central Coast (NSW) LGA is below average at 3,557 incidents per 100,000 population.
From an investment perspective, Terrigal shows a gross rental yield of approximately 3.0%, rated as low yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 14.5x is considered stretched. House prices have moved -3.1% 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.