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Terrey Hills suburb profile

Terrey Hills is a picturesque suburb located in the Northern Beaches region of Sydney, known for its lush greenery and semi-rural charm. Situated approximately 25km north of the Sydney CBD, it offers a tranquil escape with a strong community spirit. The suburb is surrounded by national parks, providing ample opportunities for outdoor activities such as hiking and horse riding. Terrey Hills is home to a variety of local amenities, including schools, shops, and cafes, making it a convenient yet peaceful place to live. Its blend of natural beauty and suburban convenience appeals to families and nature enthusiasts alike.

Terrey Hills property market performance

Current median dwelling price$1,758,250Past 3 months

Property growth+0.9%Past 12 months

Terrey Hills has experienced minimal growth in its property market over the last 12 months, with house values increasing by 1.9%. However, unit values have remained stagnant, with no recorded change. The median house price is unavailable, reflecting limited sales activity, with only 9 houses and 1 unit sold recently.

Houses in Terrey Hills are spent an average of 47 days on the market, suggesting moderate demand, while the unit market shows insufficient data to draw conclusions due to minimal sales. The rental market for houses has seen an average rent increase of 7.9%, reaching $1,295. No notable activity is noted in the unit rental market.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
1.9%N/A
Sold
Past 3 months
91
Median days on market
Past 12 months
47N/A
Average rent
Past 12 months
$1295N/A
Change in rent
Past 12 months
7.9%N/A

5 year median price trend for houses and units

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Terrey Hills demographics

Terrey Hills, located in the Northern Beaches region of Sydney, is a serene suburb known for its lush greenery and spacious properties. With a population of 3,142, it offers a tranquil lifestyle away from the hustle and bustle of the city. The median age of 47 indicates a mature community, with many residents enjoying the peaceful environment and family-friendly atmosphere. The suburb is particularly appealing to families, with 53.1% of households being couple families with children, highlighting its suitability for raising a family.

Housing in Terrey Hills is predominantly owner-occupied, with 46.8% of properties owned outright and 38.5% owned with a mortgage. This high rate of home ownership reflects the suburb's stability and appeal to long-term residents. Only 14.7% of properties are rented, indicating a preference for permanent settlement among its residents. The suburb's spacious homes and large blocks of land are attractive to those seeking a more relaxed and private lifestyle.

The community in Terrey Hills is close-knit, with a strong emphasis on family values and outdoor living. The suburb is surrounded by national parks and reserves, offering ample opportunities for outdoor activities such as hiking, horse riding, and picnicking. Its proximity to the beaches and the city makes it an ideal location for those who want to enjoy the best of both worlds. With a median total household income of $2,778 per week, residents of Terrey Hills enjoy a comfortable standard of living, making it a desirable place to call home.

Terrey Hills infrastructure, key developments and investment opportunities

Terrey Hills is seeing steady local investment, with ongoing enhancements to equine, golf and nursery facilities reinforcing its semi-rural character and appeal to lifestyle buyers. Incremental upgrades to nearby arterial roads and connections towards major employment hubs on the Northern Beaches and in the upper North Shore are improving car-based accessibility, which is important given the suburb’s limited public transport options. Established private and public schools in and around Terrey Hills, combined with access to recreational assets such as national parkland and trail networks, continue to underpin family demand and support premium pricing.

There are currently no widely publicised, large-scale new transport links, retail centres or major rezoning initiatives specific to Terrey Hills that would materially alter the suburb’s built form or density in the short term. As a result, recent and near-term changes are more about gradual improvements to amenity and connectivity rather than transformational projects, supporting a stable, lifestyle-driven property market with limited new housing supply.

Terrey Hills rental market trends

The rental market in Terrey Hills is experiencing growth, with house rents increasing by 7.9% over the past year to $1,295 per week. Unit rents have remained stable at $0. This suburb’s appeal is bolstered by its leafy environment and lifestyle offerings, making it attractive for families and long-term investors looking for solid, stable prospects.

Suburbs near Terrey Hills

Some popular suburbs near Terrey Hills include:

How does Terrey Hills compare to nearby suburbs?

  • Median house prices: Terrey Hills’s median house price is 14.3% lower than Elanora Heights’s.
  • Median unit prices: Terrey Hills’s median unit price is 46.2% higher than Warriewood’s.
  • House price growth: Over the past 12 months, house prices in Terrey Hills have grown 1.0% higher than in Belrose.
  • Unit price growth: Property prices in nearby Warriewood have risen 17.0% more than in Terrey Hills over the past year.
  • Selling speed for houses: Properties in Terrey Hills are selling 50.5% faster than in Church Point.
  • House price growth: Over the past 12 months, house prices in Terrey Hills have grown 19.9% higher than the average rate of growth across Sydney.
  • Unit price growth:Over the past 12 months, unit prices in Terrey Hills have grown 53.9% higher than the average rate of growth for units across Sydney.

Common questions about Terrey Hills

  • Is Terrey Hills a nice place to live?

    Terrey Hills is a delightful suburb that offers a serene and family-friendly environment, making it a wonderful place to live. Nestled in the Northern Beaches region, it is renowned for its lush greenery and semi-rural charm, providing a peaceful retreat from the hustle and bustle of city life. The suburb's strong community spirit and emphasis on outdoor living create a welcoming atmosphere for families and nature enthusiasts alike. With its spacious properties and proximity to national parks, residents can enjoy a variety of outdoor activities, including hiking and horse riding, right at their doorstep.

    Families will find Terrey Hills particularly appealing due to its excellent local amenities, including reputable schools, shops, and cafes. The suburb's tranquil vibe is complemented by its convenient access to both the beaches and the city, offering the best of both worlds. Safety is generally not a major concern, and the close-knit community fosters a sense of security and belonging. While Terrey Hills lacks extensive public transport options, recent improvements to road connections have enhanced accessibility for those who rely on cars for commuting.

    One trade-off of living in Terrey Hills is the limited public transport, which may require residents to depend on private vehicles for commuting. However, the suburb's spacious homes and large blocks of land provide a relaxed and private lifestyle that many find appealing. The ongoing enhancements to local facilities, such as equine and golf amenities, further reinforce its semi-rural character and attract lifestyle buyers. Overall, Terrey Hills offers a stable, lifestyle-driven property market that supports a comfortable standard of living, making it a desirable place to call home for those seeking tranquility and community.

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  • Is it expensive to live in Terrey Hills?

    Living in Terrey Hills can be quite expensive, especially when it comes to renting. The average rent for houses in the area is around $1,295 per week. This is a significant expense, considering the median total household income in the suburb is $2,778 per week. When you compare this to the average wage in Greater Sydney, which is approximately $83,000 per year, or about $1,596 per week, it's clear that a large portion of income could go towards housing costs in Terrey Hills.

    With no current median house or unit prices available, it's challenging to gauge the full scope of property expenses in the area. However, the high rental prices suggest that living in Terrey Hills requires a substantial financial commitment. If you are thinking of living in Terrey Hills, it's important to consider whether your income can comfortably cover these costs while still allowing for other living expenses.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Terrey Hills a good place to invest?

    Terrey Hills presents a promising opportunity for property investors, particularly those interested in rental income. Over the past year, the suburb has seen a modest increase in median house values by 1.9%, indicating a stable market. While unit values have remained unchanged, the significant 7.9% rise in house rents suggests strong demand from renters, which is a positive sign for potential landlords.

    The suburb's appeal lies in its tranquil, semi-rural setting, which attracts families and professionals seeking a peaceful lifestyle while still being within commuting distance to the city. This unique blend of serenity and accessibility makes Terrey Hills a desirable location for long-term tenants, ensuring consistent rental demand. Although the capital growth for units hasn't shown movement recently, the steady house value increase and robust rental market make Terrey Hills a viable option for investors focusing on rental yield and gradual property appreciation.

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Choose the right real estate agents in Terrey Hills

Choosing the right real estate agent in Terrey Hills can have a big impact on your sale. While there are 13 real estate agents working in the suburb, but just 5 of them were responsible for 60.0% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 1.88% to 2.46%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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