Over the last year, property investments in Tea Gardens, 2324 have given investors a capital gain of 9.50%. This compares favourably with the 7.15% for NSW as a whole.
If we look at median property appreciation over just the last three months, Tea Gardens has given property investors a paper return of 0.00%. This puts Suburb as 823 on a list of fastest fasting appreciating suburbs in NSW
Sellers are offering property buyers an average discount of -4.81% to buyers in Tea Gardens at the moment, which is less than average for the rest of NSW.
Advertised rents are around the $370 mark per week – giving a return of 3.93% based on the median price in Suburb
Property investors who have had real estate in Tea Gardens, 2324 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.48%
Over the longer term, Tea Gardens has seen property prices show investors a 9.92% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Tea Gardens is giving property investors an average Vendor Discount of around -3.77%. This puts suburb at number 320th in NSW when ranking the most discounted suburbs.
On average over the past year, suburb has had 2.33 sales per month, which equates to 28 per year.
Situated 154.52km from the CBD, Tea Gardens is one of Great Lakes localities in the postcode 2324.