Suburb Profile Report for Tea Gardens NSW (2324)

Tea Gardens House: Median price $490,000, Annual capital growth 1.70%, Number of sales 87, Weekly median advertised rent $365

Tea Gardens Unit: Median price $335,000, Annual capital growth -1.04%, Number of sales 27, Weekly median advertised rent $330

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Tea Gardens, 2324 have given investors a capital gain of 11.17%. This compares favourably with the 7.93% for NSW as a whole.

Taking the average capital gain, or increase in median house value, Tea Gardens,2324 has racked up an average of 11.17% over the period. This ranks it number 1164th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Tea Gardens should be aiming for at least -5.22% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Tea Gardens the average time real estate has been on the market is 91.62 days.

Renters in Suburb are facing rents around $4380 per annum or $365 every week.

Tea Gardens, 2324 ranked 460th in NSW when comparing growth in median property values or capital gain over the last 12 months. Tea Gardens is one of 3162 in our list for NSW

Across a shorter period, Tea Gardens, 2324 has seen a median price increase of 1.52% over the last quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Tea Gardens, 2324. Typically our figures indicate that -3.77% is being offered, which puts this NSW suburb at 1154th most discounted overall in Australia.

HOUSE UNIT
$490,000 $335,000
0.00% 1.52%
11.17% -0.74%
1.70% -1.04%
$365 $330
87 27
3.87% 5.12%
91.62 92.64

Source: CoreLogic

DSR Score for property investment : Above average (U), Below average (H)
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Demographics
Total population 2434
Median household income ($/weekly) 756
Median age of persons 61
Median housing loan repayment ($/monthly) 1600
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 212 8.7
    45-54 years 240 9.8
    55-64 years 436 17.9
    65-74 years 614 25.2
    75-84 years 312 12.8
    Others 623 25.6
    Age Group
    Census Count Percent(%)
    Registered Married 1216 63.6
    Not Married 523 27.4
    Defacto Relationship 173 9.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1982 85.7
    Greece 21 0.9
    Papua New Guinea 33 1.4
    United Kingdom 170 7.3
    Other 29 1.3
    Others 78 3.4
    Country of Birth
    Census Count Percent(%)
    Christianity 1938 85.7
    No Religion 308 13.6
    Hinduism 7 0.3
    Buddhism 6 0.3
    Other Religious Groups 3 0.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 78 8.0
    $400-$599 210 21.6
    $600-$799 164 16.9
    $800-$999 161 16.6
    $1,000-$1,249 73 7.5
    Others 284 29.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1308 63.8
    Employed, worked full-time 364 17.7
    Employed, worked part-time 288 14.0
    Employed, away from work 48 2.3
    Unemployed, looking for work 43 2.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 86 12.4
    Professionals 104 14.9
    Technicians & trades workers 125 18.0
    Community & personal service workers 97 13.9
    Labourers 96 13.8
    Others 188 27.0
    Occupation
    Census Count Percent(%)
    Pre-school 31 9.4
    Infants/Primary 145 43.9
    Secondary 102 30.9
    Technical or Further Educational Institution 22 6.7
    University or other Tertiary Institutions 24 7.3
    Others 6 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2002 88.7
    Semi-detached, row or terrace house, townhouse 209 9.3
    Flat, unit or apartment 24 1.1
    Caravan, cabin, houseboat 8 0.4
    House or flat attached to a shop, office 10 0.4
    Others 3 0.1
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 556 54.0
    Rented 232 22.5
    Being purchased 173 16.8
    Other tenure type 69 6.7
    Tenure Type
Census 2011, ABS
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Recent sales & rentals