Suburb Profile Report for Tea Gardens NSW (2324)

Tea Gardens House: Median price $513,500, Annual capital growth 2.70%, Number of sales 81, Weekly median advertised rent $365

Tea Gardens Unit: Median price $408,500, Annual capital growth 2.28%, Number of sales 24, Weekly median advertised rent $270

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

Source: CoreLogic

  • House Report
  • Unit Report

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%.

Metrics i HOUSE UNIT
$513,500 $408,500
1.38% 20.15%
5.88% 25.69%
2.70% 2.28%
$365 $270
81 24
3.70% 3.44%
95.4 98.5

Source: CoreLogic

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