Tea Gardens is in the bottom 40% in NSW when comparing median price capital growth over the last year. Tea Gardens gave property investors a disappointing capital gain figure when compared to the rest of the state, with 5.51%.
Taking the average capital gain, or increase in median house value, Tea Gardens,2324 has racked up an average of 5.51% over the period. This ranks it number 2061th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Tea Gardens is $517000, with sellers offering an average of -5.35% off the asking price.
Situated 160.49km 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 27.88% to date .
A 31.87% growth in median value for property investors in Tea Gardens,2324 puts this suburb at number 63th in terms of best performing suburbs in NSW
Property buyers and investors in Tea Gardens 2324 should be seeing an average reduction in asking price of around -3.26% . This means that Tea Gardens is holding prices well when compared to other suburbs in NSW.
With the median price for a house in Tea Gardens being $422000 and the advertised rent reaching $330 the gross rental yield for property investors calculates out to be 4.07%