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%