Suburb Profile Report for Tea Gardens NSW (2324)

Tea Gardens House: Median price $500,000, Annual capital growth 2.35%, Number of sales 84, Weekly median advertised rent $370

Tea Gardens Unit: Median price $340,000, Annual capital growth -0.66%, Number of sales 31, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 1159th in the list of Australian suburbs ordered by increase in median house value over the last year, Tea Gardens, 2324 is in the top 30% with a property value increase of 9.41% recorded in median house prices.

A 39.86% growth in median value for property investors in Tea Gardens,2324 puts this suburb at number 720th in terms of best performing suburbs in NSW

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 -6.08% is being offered, which puts this NSW suburb at 1829th most discounted overall in Australia.

At number 946th in the list of Australian suburbs ordered by increase in median house value over the last year, Tea Gardens, 2324 is in the BOTTOM 50% with a property value increase of 1.49% recorded in median house prices.

While Tea Gardens,2324 ranked number 221th in NSW for increase in median house value (annualised) increase, it is ranked 450th 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 -4.32% below the asking price at the moment.

The NSW suburb of Tea Gardens, 2324 is in the Great Lakes local government area.

HOUSE UNIT
$500,000 $340,000
2.04% 2.26%
9.41% 1.49%
2.35% -0.66%
$370 $330
84 31
3.85% 5.05%
92.75 85.1

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (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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