$225 ▲ +50.0%
Lower than 68% of suburb / locality areas.
- 2011: $150
- 2016: $185
- 2021: $225
Median weekly rent paid by households renting their home.
Terang · Suburb / Locality
Housing & Dwellings in Terang
Where and how people live — the homes, how they are held, and what they cost.
Typical monthly mortgage payments of $1,066 in Terang are far below the national figure. This is a town where housing costs are much lower than in most other areas, and the vast majority of people live in detached houses.
$225
▲ +50.0%
- $0–$25: 37 areas
- $25–$50: 86 areas
- $50–$75: 199 areas
- $75–$100: 214 areas
- $100–$125: 525 areas
- $125–$150: 343 areas
- $150–$175: 699 areas
- $175–$200: 597 areas
- $200–$225: 1183 areas
- $225–$250: 724 areas
- $250–$275: 1277 areas
- $275–$300: 787 areas
- $300–$325: 1282 areas
- $325–$350: 618 areas
- $350–$375: 935 areas
- $375–$400: 570 areas
- $400–$425: 763 areas
- $425–$450: 288 areas
- $450–$475: 415 areas
- $475–$500: 176 areas
- $500–$525: 204 areas
- $525–$550: 79 areas
- $550–$575: 125 areas
- $575–$600: 70 areas
- $600–$625: 97 areas
- $625–$650: 21 areas
- $650–$675: 54 areas
- $675–$700: 145 areas
All suburb / locality areas, 2021. The marker is Terang — lower than 68% of areas.
Housing costs
Rents, mortgages and crowding.
Weekly rent is far below the Victorian figure at $225. Similarly, the typical monthly home loan payment is $1,066, which is far below the national average by nearly $800.
$1,066 ▲ +3.4%
Lower than 82% of suburb / locality areas.
- 2011: $1,031
- 2016: $1,045
- 2021: $1,066
Median monthly mortgage repayment for households with a mortgage.
Weekly rent distribution
View on map →In Terang, $200–$349 is the majority at 68%; Under $200 is next at 30%.
Monthly mortgage distribution
View on map →Terang splits fairly evenly between Under $1,000 (45%) and $1,000–$1,799 (44%), with $1,800–$2,999 at 10%.
Owning & renting
How homes are owned or rented.
Ownership is high here, with 44.8% of homes owned outright, a figure far above the national average. This helps explain why the proportion of households renting is far below the Australian figure.
20.3% ▼ -14.9%
Higher than 60% of suburb / locality areas.
- 2011: 23.9%
- 2016: 22.7%
- 2021: 20.3%
Share of occupied private dwellings that are rented.
44.8% ▲ +3.7%
Higher than 61% of suburb / locality areas.
- 2011: 43.2%
- 2016: 42.5%
- 2021: 44.8%
Share of occupied private dwellings owned outright (no mortgage).
How homes are owned or rented
View on map →In Terang, the largest group is Owned outright at 45%, followed by Owned with a mortgage (29%) and Rented (20%).
Types of homes
Houses, townhouses, apartments and bedrooms.
Detached houses make up 90.9% of all homes in Terang, which is far above the state average. Most of these are larger homes, with 76.9% having three or more bedrooms.
0.70 ▼ -36.4%
Lower than 86% of suburb / locality areas.
- 2011: 1.10
- 2016: 0.70
- 2021: 0.70
Average number of usual residents per bedroom — a crowding measure.
90.9% ▲ +0.7%
Lower than 66% of suburb / locality areas.
- 2011: 90.3%
- 2016: 90.2%
- 2021: 90.9%
Share of occupied private dwellings that are separate houses.
76.9% ▲ +1.2%
Lower than 57% of suburb / locality areas.
- 2011: 76.0%
- 2016: 75.1%
- 2021: 76.9%
Share of occupied private dwellings with three or more bedrooms.
Types of homes
View on map →In Terang, Separate house is the majority at 92%; Townhouse / semi-detached is next at 7%.
Bedrooms per home
View on map →In Terang, 3 bedrooms is the majority at 52%; 4 bedrooms is next at 22%.
Sources
- Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).
More for Terang
Cite this page
Australian Bureau of Statistics. (2021). Housing & Dwellings in Terang [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sal/SAL22488/terang/topic/housing-dwellings