Microburbs
Aerial view of Terang, VIC

Aerial view

Imagery © Esri

The quick read on

Terang

VIC 3264 · Corangamite

What homes cost, how rents have moved, and a feel for the people who call it home.

Median house
$412,000

latest suburb median

Median unit
$390,000

latest suburb median

Population
2,254

ABS 2021

Postcode
3264

Terang, Victoria

Property market insights for Terang

Median sale price and rental income of properties in Terang VIC

Median price trend for houses

Based on 41 sales in the preceding 12 months

$412,000

Down 5.2% over 12 months

$500k$400k$300k20212023202420252026
2 bed
$360k
3 bed
$415k
4 bed
$432k

Median rent trend for houses

Based on 12 rental listings in the preceding 12 months

$350 per week

Down 6.7% over 12 months

$450$400$350$30020212023202420252026

Market data updated October 2026.

The median house price in Terang, VIC is currently $412,000, based on the latest 12 months of sales. Terang has a 12-month growth rate of -5.2% for houses and -0.1% for units.

Two-bedroom houses have a median sale price of $360,000, Three-bedroom houses have a median sale price of $415,000, Four-bedroom houses have a median sale price of $432,000 in Terang.

If you're looking to lease, the median rent for houses in Terang is $350 per week. The median house rent has decreased 6.7% over the last 12 months.

The median price of apartments and units for sale in Terang is $390,000, which has decreased 0.1% since the same time last year. Two-bedroom apartments and units have a median sale price of $390,000 in Terang.

Crime and safety

Is Terang safe?

The overall rate for Terang is 3,305 offences per 100,000 residents — 19% below the Rest of Vic. benchmark.

That is the clearest suburb-wide answer. Open the detailed profile to see how the pattern changes across offence types and different parts of Terang.

Overall crime rate

3,305

offences per 100,000 residents

19% belowRest of Vic.

TerangRest of Vic.: 4,070

Suburb-wide estimate from Microburbs' public crime model; it is not an address-level measure.

The people behind the postcode

Who lives in Terang?

Terang VIC 3264 is in Victoria, within Rest of Vic..

2,254 people call Terang home, with an average of 2.2 people per household and a median household income of $1,162 a week.

Public ABS 2021 Census figures. The bars compare the local share with the capital-region benchmark.

Population
2,254
Median age
49 years
Median mortgage
$1,066 / month
2021 household rent
$225 / week
Above the benchmarkBelow the benchmarkIn lineRest of Vic. benchmark

Age profile

Share of residents in each age band.

Under 1515.6%Below
15–3420.0%Below
35–5421.4%Below
55–7429.1%Above
75 and over13.7%Above

Homes

Share of occupied private dwellings.

Separate houses90.7%Above
Townhouses6.9%In line
Apartments0.3%Below

Ownership

Share of homes with a stated ownership or rental status.

Owned outright47.4%Above
Paying a mortgage31.1%Below
Renting21.5%Below

Cars at home

Vehicles available to occupied households.

No car5.3%Above
One car35.6%Above
Two cars34.3%Below
Three or more25.4%Above

Getting to work

Selected ways residents worked or travelled on Census day.

Worked from home9.0%Below
Drove to work66.8%Above
Train, tram or bus0.0%Below
Walked or cycled5.8%Above

What stands out in Terang

9.0% of workers in Terang worked from home on Census day — less common than across Rest of Vic..

37.4% of people in Terang described themselves as having no religion in the 2021 Census.

A closer look at the Census

Questions people ask about Terang

Open any question for a plain-English reading of the public 2021 Census for Terang VIC 3264.

Is Terang family-friendly?Age, family structure and household size describe the community families would be joining.

15.6% of Terang's residents were children under 15 in the 2021 Census. That is close to the Rest of Vic. average.

605 family households lived in Terang; 33.4% were couple families and 17.4% were one-parent families.

31.2% of local families included children under 15. That is somewhat below the Rest of Vic. average.

These are suburb-wide household figures, not school or childcare ratings.

What is the age profile of Terang?The balance between younger adults, families and older residents changes how a suburb feels day to day.

Terang had 2,254 residents at the 2021 Census.

20.1% of residents were aged 25 to 44.

42.9% were 55 or older. That is well above the Rest of Vic. average.

Age shares use the suburb’s total Census population.

What kind of homes are in Terang?The dwelling mix shows whether the suburb is mostly detached homes, townhouses or apartments.

Separate houses made up 90.7% of occupied private dwellings in Terang.

Townhouses and other attached homes represented 6.9% of occupied private dwellings.

Flats and apartments accounted for 0.3% of occupied private dwellings.

All three shares use occupied private dwellings as the denominator.

Do people own or rent in Terang?Tenure shows how many households own outright, have a mortgage or rent.

47.4% of households with a stated tenure owned their home outright. That is well above the Rest of Vic. average.

31.1% were buying their home with a mortgage.

21.5% rented their home. That is somewhat below the Rest of Vic. average.

Tenure shares include households that stated one of these three arrangements.

How large are households in Terang?Household-size data shows the mix behind the suburb-wide average.

The average household in Terang had 2.2 people.

One-person households made up 32.0% of occupied homes. That is somewhat above the Rest of Vic. average.

Two-person households represented 38.8%, while 16.6% had four or more usual residents.

Household size counts usual residents in occupied homes.

How do people get to work in Terang?Census-day travel shows the balance between home, road, public transport and active travel.

9.0% of workers worked from home on Census day. That is well below the Rest of Vic. average.

66.8% drove a car as their only travel method. That is somewhat above the Rest of Vic. average.

0.0% used only a train, tram or bus, while 5.8% walked or cycled.

Travel figures are a 2021 Census-day snapshot.

How many cars do households have in Terang?Vehicle availability helps describe the routines local households can support.

5.3% of occupied households had no motor vehicle available. That is close to the Rest of Vic. average.

One-car households formed 35.6% of the total.

59.6% of households had two or more vehicles.

Vehicle counts refer to occupied households, not individual residents.

Who's moving to Terang, and who stays?Address history shows how settled or recently mobile residents were at the Census date.

66.3% were at the same address five years earlier, while 33.7% reported a different address.

6.0% of residents were born outside Australia. That is about half the Rest of Vic. rate.

Mobility figures cover residents who answered the relevant Census question.

What languages are spoken in Terang?Language at home gives a direct view of the community’s everyday linguistic mix.

91.8% of residents used only English at home.

2.4% used a language other than English at home.

0.3% spoke Mandarin at home, 0.0% spoke Cantonese and 0.0% spoke Hindi.

Home language is separate from English proficiency.

Where were Terang residents born?Birthplace adds another layer to the local story, separate from ancestry and language.

6.0% of Terang's population was born outside Australia, while roughly 94.0% was born in Australia.

0.4% of residents were born in China.

0.4% were born in India, while Australian citizenship across the whole suburb stood at 92.1%.

Birthplace, citizenship and ancestry describe different parts of identity.

What ancestries shape Terang?Ancestry responses show how residents describe family and cultural background.

English ancestry accounted for 40.1% of ancestry responses in Terang.

Australian ancestry made up 43.3% of responses.

Chinese ancestry represented 0.6% of responses.

People may nominate more than one ancestry, so these are shares of responses.

What work do people do in Terang?Occupation describes a person’s role; industry describes the sector employing them.

11.5% of employed residents worked in professional occupations. That is well below the Rest of Vic. average.

Managers accounted for 13.5% of employed residents, while clerical and administrative workers made up 10.6%.

Health care and social assistance employed 18.8% of workers, and education and training employed 6.3%.

Occupation and industry figures describe employed residents of the suburb.

How active is the workforce in Terang?Participation, employment pattern and unemployment describe the resident labour force.

The labour-force participation rate was 54.6%, compared with 57.4% across Rest of Vic..

29.8% of residents aged 15 and over worked full time, while 18.4% worked part time.

Unemployment was 3.3%, compared with 4.1% across Rest of Vic..

Labour-force figures come from the 2021 Census.

What does the health profile of Terang show?Selected long-term health conditions help describe community service needs.

49.8% reported no selected long-term health condition.

12.2% reported a long-term mental health condition, including depression or anxiety.

11.0% reported asthma, 11.9% arthritis and 6.7% diabetes excluding gestational diabetes.

These are self-reported suburb-wide Census figures, not address-level health risks.

How educated is Terang?Qualifications describe the study pathways represented among local residents.

16.4% of people in the qualifications table held a bachelor degree. That is somewhat below the Rest of Vic. average.

Postgraduate degrees accounted for 2.9% of qualification responses.

Diploma-level qualifications represented 14.2%, while certificate-level qualifications represented 42.8%.

Qualification categories are reported separately and are not school ratings.

What do incomes and housing costs look like in Terang?Census income and household payments give historical context for local living costs.

Median household income was $1,162 per week in the 2021 Census.

The median monthly mortgage repayment reported by local households was $1,066.

Occupied renting households reported a median rent of $225 per week.

These household figures are from 2021; current sale and asking-rent medians appear in the market section.

How does Terang compare with Rest of Vic.?A few clear differences place the suburb in its wider metropolitan context.

Working from home was 9.0% in Terang, compared with 15.1% across Rest of Vic..

Outright ownership was 47.4% locally and 40.9% across Rest of Vic.. That is well above the Rest of Vic. average.

Renting accounted for 21.5% in Terang, against 24.5% across Rest of Vic..

Capital-region comparisons use the same Census definitions and year.

Three useful questions

A buyer’s quick guide to Terang

Is Terang expensive?

The median house price is $412,000, while units and apartments sit at $390,000. Bedroom count, land and condition still create a wide range around those suburb medians.

Is Terang good for families?

The Census counted 605 local families, and 15.6% of residents were under 15. That describes the community; school quality, travel times and the right fit for a particular family need separate research.

What can I get for $1.5m in Terang?

4-bedroom houses have a median around $432,000, the closest bedroom benchmark we hold to a $1.5m budget. Individual homes can differ substantially with block size, renovation and location.

Medians describe recorded market activity across the suburb; they are historical context, not a valuation or forecast for an individual home.

Explore the area

Streets and suburbs around Terang

65 streets in Terang

Street-by-street reports are not published yet. The streets below are the ones this suburb covers.

  • Austin Ave
  • Ayresford Rd
  • Baynes St
  • Bend Rd
  • Black St
  • Blakiston St
  • Bolivar St
  • Bramich Ln
  • Burkes Rd
  • Cameron St
  • Cemetery Rd
  • Cobden-Terang Rd
  • Cobham St
  • Coombes Rd
  • Cosgrove Rd
  • Coyles Road
  • Dairy Ln
  • Dalvui Ln
Show all 65 streets
  • Depot Rd
  • Dow St
  • Emeny St
  • Estcourt St
  • Ewing St
  • Foley St
  • Galloway St
  • Golf Club Rd
  • Grey St
  • Hampden St
  • Hardy St
  • High St
  • Keilambete Rd
  • King St
  • Laing St
  • Le Couteur Rd
  • Littles Ln
  • Lyons St
  • Mccrae St
  • Mckinnon St
  • Mcwilliam St
  • Murnane St
  • Neil Ave
  • Noel St
  • Noogee Rd
  • Peterborough Rd
  • Pitt St
  • Princes Hwy
  • Prince St
  • Racecourse Rd
  • Robertsons Rd
  • School Rd
  • Seymour St
  • Shadforth St
  • Simpson St
  • Spring Dam Rd
  • Strong St
  • Swanston St
  • Terang-Framlingham Rd
  • Terang-Mortlake Rd
  • The Parade
  • The Promenade
  • Thomson St
  • Tobin St
  • Warrnambool Rd
  • Weem Gr
  • Wilson St

Keep exploring

Is Terang right for your search?

Use the finders to compare places and properties, or open the full report when you need the street, risk, schools and growth research.

Figures update as new market and census data arrives. This suburb overview is general information, not a valuation or financial advice.