Suburb Profile Report for Tea Gardens NSW (2324)

Tea Gardens House: Median price $520,000, Annual capital growth 2.30%, Number of sales 80, Weekly median advertised rent $350

Tea Gardens Unit: Median price $400,000, Annual capital growth 1.95%, Number of sales 24, Weekly median advertised rent $315

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

Source: CoreLogic

  • House Report
  • Unit Report

Tea Gardens has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 6.12% to date .

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 1089 on a list of fastest fasting appreciating suburbs in NSW

Property investors looking for a bargain in Tea Gardens should be aiming for at least -4.79% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 80 properties changed hands in Tea Gardens, which puts it as the 394th most active market in NSW when comparing the number of sales per suburb.

Situated 160.60km from the CBD, Tea Gardens is one of Great Lakes localities in the postcode 2324.

Tea Gardens has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 23.08% to date .

Taking the average capital gain, or increase in median house value, Tea Gardens,2324 has racked up an average of 23.08% over the period. This ranks it number 715th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Tea Gardens is giving property investors an average Vendor Discount of around -3.55%. This puts suburb at number 282th in NSW when ranking the most discounted suburbs.

With the median price for a house in Tea Gardens being $400000 and the advertised rent reaching $315 the gross rental yield for property investors calculates out to be 4.09%

Metrics i HOUSE UNIT
$520,000 $400,000
0.00% 1.27%
6.12% 23.08%
2.30% 1.95%
$350 $315
80 24
3.50% 4.10%
102.42 91.38

Source: CoreLogic

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