The Terara was built in 1885 and registered in Sydney and was fitted with a 30 horse power compound engine. This vessel had a length of 38 metres and was built at Sydney's Atlas Engineering Works. Originally owned by the Illawarra Steam Navigation Company, the vessel was sold to the North Coast Steam Navigation Company in 1896, then to the NSW Government in 1916. At this time the register was closed, suggesting that the vessel was abandoned or broken up.
An iron hull of what is said to be the 152 ton iron paddle steamer Terara is visible on an island just to the east of the Myall River largely intact, including remnant timber planking. Paddle wheel sponsons can also be identified with the rudder denoting the stern. The bow lies submerged at all times, while the stern has been driven up onto the beach. Several large mangroves have grown through the hulk.
