Suburb Profile Report for Tea Gardens NSW (2324)

Tea Gardens House: Median price $490,000, Annual capital growth 2.30%, Number of sales 81, Weekly median advertised rent $368

Tea Gardens Unit: Median price $340,000, Annual capital growth -0.42%, Number of sales 28, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a a stable capital gain of 7.69% for the last year, Tea Gardens, 2324 is the 1375th highest performer in Australia in this respect.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Tea Gardens has increased when compared to the 5 year average annual rate.

Sellers are offering property buyers an average discount of -5.50% to buyers in Tea Gardens at the moment, which is less than average for the rest of NSW.

Residents and property investors in Tea Gardens have been waiting around 94.46 days to sell a property.

Advertised rents are around the $367.5 mark per week – giving a return of 3.90% based on the median price in Suburb

Tea Gardens, 2324 ranked 370th in NSW when comparing growth in median property values or capital gain over the last 12 months. Tea Gardens is one of 3163 in our list for NSW

The five-year average increase in median property values for Tea Gardens,2324 has given property investors a potential capital gain of 18.88% across each of those five years.

Tea Gardens, 2324 is offering NSW ‘s 168th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this NSW.

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

HOUSE UNIT
$490,000 $340,000
0.00% 2.26%
7.69% 1.49%
2.30% -0.42%
$368 $350
81 28
3.90% 5.35%
94.46 88.07

Source: CoreLogic

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