The quick read on
VIC 3264 · Corangamite
What homes cost, how rents have moved, and a feel for the people who call it home.
latest suburb median
latest suburb median
ABS 2021
Terang, Victoria
Median sale price and rental income of properties in Terang VIC
Based on 39 sales in the preceding 12 months
$407,000
Down 6.4% over 12 months
Based on 11 rental listings in the preceding 12 months
$350 per week
Down 12.5% over 12 months
Market data updated September 2026.
The median house price in Terang, VIC is currently $407,000, based on the latest 12 months of sales. Terang has a 12-month growth rate of -6.4% for houses and 2.3% 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 12.5% over the last 12 months.
The median price of apartments and units for sale in Terang is $399,000, which has increased 2.3% since the same time last year. Two-bedroom apartments and units have a median sale price of $390,000 in Terang.
Crime and safety
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.
Suburb-wide estimate from Microburbs' public crime model; it is not an address-level measure.
The people behind the postcode
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.
Share of residents in each age band.
Share of occupied private dwellings.
Share of homes with a stated ownership or rental status.
Vehicles available to occupied households.
Selected ways residents worked or travelled on Census day.
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
Open any question for a plain-English reading of the public 2021 Census for Terang VIC 3264.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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
The median house price is $407,000, while units and apartments sit at $399,000. Bedroom count, land and condition still create a wide range around those suburb medians.
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.
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
Open a free street report for local prices, rents and recorded sale history.
Compare nearby suburb prices, rents and five-year market trends.
Keep exploring
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.
Aerial view