Tea Gardens has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 9.85% to date .
While Tea Gardens,2324 ranked number 1046th in NSW for increase in median house value (annualised) increase, it is ranked 871th over the last 5 years.
Our latest figures would indicate that property sellers in Tea Gardens are currently offering property investors an average price cut of -5.12% below the asking price at the moment.
Using the current median advertised rental of $370 and the average annual increase in value of a median property of 1.55%, investors should hope to achieve an overall return of 3.97%
NSW has seen average median house prices change by 8.14% which means that Tea Gardens, 2324 has done well for property investors by showing a capital gain of -1.49% over the last year
Taking the average capital gain, or increase in median house value, Tea Gardens,2324 has racked up an average of -1.49% over the period. This ranks it number 876th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Tea Gardens are currently offering property investors an average price cut of -3.93% below the asking price at the moment.
Residents and property investors in Tea Gardens have been waiting around 76.75 days to sell a property.
Property investors should expect to get $340 weekly from the median priced house in this suburb.