Investment property in Tea Gardens has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.88%
When looking at the potential capital gains offered to property investors over the last 3 years, Tea Gardens comes in at number 1119th 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 -5.45% is being offered, which puts this NSW suburb at 2194th most discounted overall in Australia.
Advertised rents are around the $365 mark per week – giving a return of 3.70% based on the median price in Suburb
Tea Gardens is in the TOP 10% in NSW when comparing median price capital growth over the last year. Tea Gardens gave property investors a very good capital gain figure when compared to the rest of the state, with 25.69%.
If we look at median property appreciation over just the last three months, Tea Gardens has given property investors a paper return of 20.15%. This puts Suburb as 9 on a list of fastest fasting appreciating suburbs in NSW
Our latest figures would indicate that property sellers in Tea Gardens are currently offering property investors an average price cut of -3.26% below the asking price at the moment.
A $270 per week rent on the median house gives suburb investors a gross yield of circa 3.44%, without taking into account capital value appreciation, which has been averaging out at 2.28%.