Get a property report and suburb profile for any property in Terrigal

Terrigal is a coastal Central Coast suburb centred on Terrigal Beach and the Esplanade. The Skillion gives ocean views and a popular start to coastal walks, while Terrigal Haven provides a sheltered spot for small boats and fishing. The beachfront combines cafes, restaurants and a surf club with a housing mix that ranges from beachfront apartments and holiday rentals to older weatherboard cottages and family homes on tree-lined streets inland, so it naturally appeals to beach lovers, families and people after a seaside lifestyle with regional services close at hand.

About 12,730 people live in Terrigal and the median age is 43; the community is weighted towards couple families and most homes are owner-occupied (75.5%). Everyday life is supported by a foreshore masterplan, a boardwalk and restored rockpool, a completed BMX precinct upgrade, council-funded road works and earlier lagoon works recorded as a major project. Whether that combination suits you comes down to what you value in a suburb.

Housing costs in Terrigal sit well above what a typical local household earned at the last Census. House rent of $850 a week would take about 41.4% of a typical local household's weekly income at the last Census, while unit rent of $678 a week would take about 33.0%. Buying looks especially stretched: the median house price of $1,617,500 is about 15.1 times a typical local annual household income at the last Census, and the median unit price of $1,215,000 is about 11.4 times.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

If you're weighing Terrigal as an investment, the numbers for houses and units tell different stories. House values rose a solid 5.8% over the past 12 months, which is the figure that relates to capital growth. Units moved the other way on price, down a modest 3.2%, while the rent those units earn climbed a solid 7.6% over the year, so rental income for units increased even as their median value fell.

Which of those movements matters most depends on your objectives: the 7.6% rise in unit rents is the figure to consider if rental income is your priority, while the 5.8% lift in house values is what matters for capital growth. Whether that balance makes Terrigal the right investment for you depends on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.