Terang is in Corangamite LGA, VIC, postcode 3264, with population 2,254.
The page has enough signal to be useful, but the story is mixed rather than decisive. Use compare mode to pressure-test it against stronger nearby options, then use the calculator if it still makes the shortlist.
Gross yield screens at about 5.2%. Entry price sits in the lower-cost range for a first-pass screen.
Official vacancy is published at the Regional Victoria level, not per suburb. Shaded band marks a balanced market (2.5–3.5%).
Indicative cashflow is interest-only and excludes tax — use the calculator for a full projection. Turnover divides recorded sales by an estimated household count (population over average household size).
Bar = this suburb's percentile · tick = typical (median) peer · stability drivers signed (+ = steadier)
Relative grade across Australian suburbs, combining qp's capital-growth (multi-year CAGR + cycle timing), rental-yield, and stability (price volatility + cycle + affordability) metrics via a three-pillar property-scoring method with an imbalance penalty. Within-Australia relative, indicative only — not financial advice.
74% of homes here are owner-occupied and 20% rented, with 4% of landlords negatively geared.
74% owner-occupied — owner-occupiers hold longer and absorb rate shocks, supporting price stability.
ABS Census 2021 tenure (G37), ATO postcode rental statistics, and QuickProperty's investor-exposure index. Owner-occupied = owned outright + with a mortgage.
New-loan repayment $1,919/mo vs median rent $1,733/mo (+11% · +$43/wk)
At 4.0%: $1,528/mo (-391) · at 6.0% (current): $1,919/mo · at 8.0%: $2,348/mo (+429)
Assumes a 20% deposit and a 30-year principal-and-interest loan at the current RBA new owner-occupier variable rate, against median weekly household income (ABS Census 2021). Stress bands follow the 30% / 45%-of-income thresholds used in ANZ-CoreLogic and AIHW reporting. Rent vs buy compares that repayment with the suburb's median advertised rent; it excludes rates, insurance, maintenance and deposit opportunity cost.
Alternatives are similar-priced suburbs (0.7–1.4x this suburb's median) in other council areas that exceed it on the named metric. Indicative — not financial advice.
This suburb 6.6x · VIC median 8.8x — more affordable than the VIC typical
Nationally · more affordable to buy than 83% of AU suburbs
This suburb 34% · VIC median 17%
Nationally · lighter rent burden than 3% of AU suburbs
Owners with a mortgage repay a median of $1,066/mo, while renters pay about $1,733/mo — renting runs $667/mo higher on these medians.
Serviceability line: a household needs about $1,476/wk to hold a new loan on the median house at 30% of income (20% deposit, 30-year P&I, current RBA rate).
At the median asking rent, about 56% of households here would spend more than 30% of income on rent (rent stress line: $1,333/wk income).
Getting to work: 80% drive, 0% public transport, 7% walk or cycle, 10% worked from home (2021 Census, taken during COVID-era work-from-home arrangements).
Top 44% most liveable of 4,565Australian suburbs.
Bar = this suburb's percentile · tick = typical (median) peer
Suburb-level access-density index (not an address-level walk-time score), normalised within Australian suburbs. Method based on the Urban Liveability Index (Higgs et al. 2019) and Walk Score — three equal-weighted domains combined with an imbalance penalty.
Share of the suburb within Victoria's gazetted Bushfire Prone Area (Vicmap, CC BY), point-sampled across the suburb. A Bushfire Prone Area is a planning designation that triggers the building code's bushfire construction provisions — it is not a graduated hazard rating or a property-level Bushfire Attack Level (BAL) assessment. Obtain a BAL assessment (AS 3959) for an individual property.
Estimated exposure to the official flood-hazard layer (VIC LSIO), point-sampled across the suburb. This shows how much of the suburb sits within mapped flood-planning areas — it is not a property-level flood certificate. Areas without a completed flood study may be unmapped. Check the local council's flood maps for an individual property.
Estimated short-let income is 0.6× the $20,800/yr a long-term let would earn at the median rent — before management fees, cleaning, vacancy beyond the occupancy model, and short-stay regulation.
Active Airbnb listings point-mapped to this suburb from Inside Airbnb (CC BY 4.0). Occupancy and revenue are estimates from Inside Airbnb's San Francisco model (review-rate proxy, minimum-stay assumption, occupancy capped at 70%) — they are gross, indicative, and not a guarantee of returns. Short-stay letting is subject to state and local regulation.
Land-use mix estimated by point-sampling the suburb against Vicmap Planning scheme-zone polygons (CC BY 4.0). This is a suburb-level snapshot of planning zones, not a parcel-level zoning certificate or development advice. Check the relevant planning scheme for an individual property.
LGA-level official projection (Victoria in Future 2023, DTP). Indicative of the wider council area, not a suburb-level forecast.
ABS population projection (2022 base) for the Corangamite - North SA2 statistical area — the finest official projection grain available; suburb-level projections do not exist.
Terang is a smaller suburb in Victoria within the Corangamite local government area (postcode 3264). It is home to about 2,254 residents, with an older-leaning population and a median age of 49. Households earn a median income of $60K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.3% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. VIC also had 41 Commonwealth-backed major projects under construction, 18 underway, and 24 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are community & personal service, labourers, technicians & trades. Employment in the area leans toward healthcare and agriculture. The top ancestries reported are Australian, English, Irish.
The median house price in Terang is $400,000, having moved higher by 4.6% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 5.2%. The median monthly mortgage repayment is $1,066.
Terang is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1014, which is around the national average of 1,000. Public transport access includes 2 rail stations. Healthcare facilities include 1 public hospital. The crime rate in the Corangamite LGA is moderate at 6,238 incidents per 100,000 population.
On the investment side, Terang shows a gross rental yield of approximately 5.2%, rated as high yield. Property prices sit below the state median ($400K/$850K), which can point to relative value. The price-to-income ratio of 6.6x is considered moderate. House prices have moved +4.6% year-on-year. Population growth of -0.3% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
Save suburbs here while you browse. Once the shortlist has two or more names, hand it straight into compare.
No saved AU suburbs yet.
No saved suburbs yet. Start with one ranking or suburb page, then compare once you have two candidates.
Open rankings to save the first candidates.
Terang has enough direct local evidence for a first-pass decision.
QuickProperty mixes release files, Census baselines, and matched local services on this page. Read the status panel before treating every metric as equally fresh.
DataVic-discovered annual suburb price workbooks parsed into suburb prices. Quarterly VIC resources are discovered and cached, but not yet used as current-price anchors.
Use current rent as a starting signal, not as a fixed underwriting truth.
Schools, transport, and hospitals are useful as presence signals, but they still have different source cadences.
Terang is in the Corangamite Local Government Area, VIC, postcode 3264. Council-level context for Corangamite LGA (suburb mix, population, rent, and price coverage) is available on the QuickProperty LGA page.
The current median house price in Terang, VIC is $400K, based on the latest available sales data from state Valuers General offices and ABS Data by Region.
The median weekly rent in Terang is $400/wk, based on the current market rent dataset. The current rent signal is rent-led investor candidate.
Rent-led investor candidate: Gross rent yield screens at about 5.2%. Use this as a suburb screening signal before comparing candidates or modelling a purchase; the matching rent ranking can provide broader market context.
QuickProperty's investment signals for Terang show: High Yield, Below Median, Moderate. These are computed from price, rent, income, and population data — not an opaque score.
Property prices come from state Valuers General offices and ABS Data by Region. Demographics are from ABS Census 2021. School ICSEA scores are from ACARA. Crime statistics are from state police agencies. Transport data is sourced from GTFS feeds.
Property prices update quarterly. RBA macro indicators update with each deploy. Demographics are from Census 2021. School ICSEA scores are from ACARA 2025.