Suburb Profile Report for Tea Gardens NSW (2324)

Tea Gardens House: Median price $490,000, Annual capital growth 1.64%, Number of sales 83, Weekly median advertised rent $370

Tea Gardens Unit: Median price $332,500, Annual capital growth -0.21%, Number of sales 28, Weekly median advertised rent $320

  • 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 9.50%. This compares favourably with the 7.15% for NSW as a whole.

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 823 on a list of fastest fasting appreciating suburbs in NSW

Sellers are offering property buyers an average discount of -4.81% to buyers in Tea Gardens at the moment, which is less than average for the rest of NSW.

Advertised rents are around the $370 mark per week – giving a return of 3.93% based on the median price in Suburb

Property investors who have had real estate in Tea Gardens, 2324 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.48%

Over the longer term, Tea Gardens has seen property prices show investors a 9.92% return over the last 3 years. This is worse than over the last 12 months

Vendor discounting in Tea Gardens is giving property investors an average Vendor Discount of around -3.77%. This puts suburb at number 320th in NSW when ranking the most discounted suburbs.

On average over the past year, suburb has had 2.33 sales per month, which equates to 28 per year.

Situated 154.52km from the CBD, Tea Gardens is one of Great Lakes localities in the postcode 2324.

HOUSE UNIT
$490,000 $332,500
0.00% 2.31%
9.50% -1.48%
1.64% -0.21%
$370 $320
83 28
3.93% 5.00%
89.56 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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