ABS 2021 Census · Updated 31 March 2026
Terrappee is a regional centre in Victoria, Australia, with a population of approximately 20, making it a boutique locality. Located approximately 221 km from the Melbourne CBD, Terrappee is a regional area in Victoria. The median household income is $162,500 AUD per year (ABS 2021 Census).
Strong household incomes in Terrappee underpin solid property demand. As a regional location, growth prospects depend on local economic conditions and infrastructure investment.
Map shows Terrappee, Victoria, Australia.
Official Australia Post postcode for Terrappee. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.
ABS Census Data →Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.
State Rental Authority →Annual median household income (before tax) for all households. Source: ABS 2021 Census.
ABS Census Data →Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 1 school within or near this suburb based on ABS 2021 data.
Find schools near Terrappee on My School →Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.
Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.
ABS Census Data →Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.
ABS Census Data →As a regional centre, Terrappee serves a wide catchment area. Regional property can offer higher rental yields than metro equivalents, though investors should assess local employment diversity and infrastructure plans. A median household income of $162,500/year supports premium property values and indicates a well-employed resident base.
A buy-and-hold approach in Terrappee could work well with careful property selection and a longer time horizon.
Rental yields in Terrappee tend to be lower — investors may need to rely on capital growth instead.
Renovation or flip strategies in Terrappee face headwinds from a smaller buyer pool and slower turnover.
Run the numbers on a Terrappee property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Capital growth in Terrappee may remain subdued in 2026, with limited demand drivers in the near term. Rental demand may be softer — budgeting for vacancy periods is prudent in Terrappee's 2026 outlook. Investor sentiment toward Terrappee is currently lukewarm — value hunters may find opportunity here.
Terrappee is a regional area in Victoria with a population of 20. the median household income is $162,500/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.
Key demand drivers in Terrappee include regional employment hubs, lifestyle, and affordability. 56% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.
According to the ABS 2021 Census, Terrappee has a population of approximately 20. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.
Terrappee is approximately 221 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). As a regional or remote location, travel to the capital is significant — local amenities and employment are important investment considerations.