Thinking about buying in Terara? Now could not be a better time, with just 236 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $347,000 with prices in this suburb ranging from $19,000 to $7,100,000. Terara is located fairly close to the coast at just 5Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
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Median Monthly Mortgage | $ |
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Average Income | $ |
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In Terara there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Terara is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Terara changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in Terara to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Terara we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Terara a better buying opportunity than it may have been in the past.
UNIT 93, SHOALHAVEN CVAN VILLAGE, 17 TERARA RD, TERARA, NSW, 2540 | 1 | 1 | 0 | Offers Invited | |
180 SOUTH ST, TERARA, NSW, 2540 | 3 | 1 | 1 | 800000 | |
149 SOUTH ST, TERARA, NSW, 2540 | 3 | 2 | 2 | 950000 |
Terara Public School
Nowra High School
Nowra East Public School
Nowra Public School
Nowra Anglican College
St Michael's Catholic Primary School
Bomaderry Public School
Illaroo Road Public School
Bomaderry High School
Shoalhaven High School
(While the above schools are located with the suburb of Terara there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 2.7 | 19.2 | 25.4 | 65.8 | 89.8 | 4.8 | 22.9 |
Feb | 4.4 | 19.0 | 24.8 | 66.9 | 89.3 | 4.6 | 19.3 |
Mar | 4.5 | 18.2 | 24.1 | 62.2 | 87.5 | 4.8 | 16.1 |
Apr | 2.7 | 15.5 | 22.2 | 56.9 | 84.4 | 4.1 | 14.2 |
May | 1.9 | 13.3 | 20.0 | 52.4 | 78.7 | 4.4 | 11.2 |
Jun | 3.4 | 11.3 | 17.5 | 53.4 | 77.1 | 4.5 | 9.0 |
Jul | 2.1 | 10.2 | 17.5 | 46.5 | 72.6 | 4.4 | 10.1 |
Aug | 2.7 | 10.5 | 18.0 | 44.5 | 74.6 | 4.8 | 12.8 |
Sept | 1.5 | 12.2 | 19.9 | 47.3 | 80.2 | 4.5 | 16.6 |
Oct | 2.6 | 14.0 | 21.3 | 55.1 | 85.2 | 4.7 | 20.6 |
Nov | 2.1 | 15.8 | 23.1 | 56.4 | 85.0 | 4.6 | 22.3 |
Dec | 2.4 | 17.6 | 24.0 | 61.6 | 85.7 | 4.5 | 22.4 |
source: Australian Government Bureau of Meteorology
04-06-2024 | $960,000 | 157 SOUTH ST |
15-02-2024 | $450,000 | 120 MILLBANK RD |
26-06-2023 | $395,000 | 119 TERARA RD |
18-04-2023 | $2,035,000 | 196 MILLBANK RD |
14-07-2022 | $1,000,000 | 131 MILLBANK RD |
29-04-2022 | $770,000 | 5 HOLME ST |
01-04-2022 | $1,550,000 | 2 TERARA RD |
04-06-2021 | $380,000 | 5 NOBBLERS LANE |
28-04-2021 | $1,250,000 | 8 FORSYTH ST |
08-03-2021 | $1,060,000 | 344 COMERONG ISLAND RD |
03-12-2020 | $685,000 | 4 WEST BERRY ST |
28-05-2020 | $2,250,000 | 55 TERARA RD |
04-07-2019 | $700,000 | 73 MILLBANK RD |
02-11-2018 | $533,334 | 88 TERARA RD |
08-10-2018 | $905,000 | 92 MILLBANK RD |
28-09-2018 | $6,250,000 | 77 MILLBANK RD |
04-06-2018 | $680,000 | 121 TERARA RD |
25-09-2017 | $1,230,000 | 6 HOLME ST |
21-07-2017 | $550,000 | 182 SOUTH ST |
25-01-2017 | $12,500 | 1 MILLBANK RD |
11-01-2017 | $646,000 | 10 FORSYTH ST |
06-01-2017 | $2,000,000 | 135 TERARA RD |
09-12-2016 | $1,035,000 | 330 COMERONG ISLAND RD |
22-11-2016 | $13,700 | 92 TERARA RD |
18-03-2016 | $580,000 | 6 FOX ST |
27-02-2015 | $900,000 | 1 NOBBLERS LANE |
13-02-2015 | $430,000 | 139 TERARA RD |
16-07-2014 | $45,000 | 3 SOUTHERN RD |
17-04-2014 | $1,450,000 | 196 MILLBANK RD |
26-06-2013 | $1,650,000 | 62 MILLBANK RD |
12-11-2012 | $410,000 | 6 FOX ST |
15-10-2012 | $405,000 | 3 HOLME ST |
02-02-2012 | $405,000 | 119 TERARA RD |
29-06-2011 | $1,000 | 55 TERARA RD |
02-05-2011 | $550,000 | 125 TERARA RD |
06-12-2010 | $310,000 | 151 SOUTH ST |
27-08-2010 | $290,000 | 7 MILLBANK RD |
24-05-2010 | $600,000 | 73 MILLBANK RD |
21-01-2010 | $585,000 | 131 MILLBANK RD |
15-01-2010 | $330,000 | 3 HOLME ST |
21-04-2008 | $480,000 | 155 SOUTH ST |
17-12-2007 | $460,000 | 24 WEST BERRY ST |
30-11-2007 | $61,000 | 5 NOBBLERS LANE |
21-09-2007 | $695,000 | 196 MILLBANK RD |
16-03-2006 | $435,000 | 73 MILLBANK RD |
14-03-2006 | $220,000 | 390 COMERONG ISLAND RD |
16-08-2005 | $6,000 | 1 MILLBANK RD |
09-06-2005 | $120,000 | 3 HOLME ST |
20-04-2005 | $800,000 | 174 MILLBANK RD |
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