At number 1080th in the list of Australian suburbs ordered by increase in median house value over the last year, Tea Gardens, 2324 is in the top 30% with a property value increase of 10.05% recorded in median house prices.
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.
Property buyers and investors in Tea Gardens 2324 should be seeing an average reduction in asking price of around -5.76% . 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 $509000 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 3.78%
With a capital gain of 19.08% for the last 12 months, Tea Gardens, 2324 has performed for property investments than its average annual 1.30% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Tea Gardens,2324 has racked up an average of 19.08% over the period. This ranks it number 340th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Tea Gardens 2324 should be seeing an average reduction in asking price of around -4.32% . This means that Tea Gardens is holding prices well when compared to other suburbs in NSW.
Residents and property investors in Tea Gardens have been waiting around 86.23 days to sell a property.
A $315 per week rent on the median house gives suburb investors a gross yield of circa 4.20%, without taking into account capital value appreciation, which has been averaging out at 1.30%.