Suburb Profile Report for Tea Gardens NSW (2324)

Tea Gardens House: Median price $516,000, Annual capital growth 2.28%, Number of sales 82, Weekly median advertised rent $365

Tea Gardens Unit: Median price $411,000, Annual capital growth 2.14%, Number of sales 23, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Tea Gardens have tracked just lower than the NSW average of 9.74% over the last 12 months.

Tea Gardens,2324 has offered an average of 5.31% return per annum in house price rises to property investors over the last three years.

LACK OF BUYER INTEREST may well be the reason that Tea Gardens is offering property investors an average of -5.35. This rate of discount on properties puts Suburb at number 560th in terms of most discounted suburbs in NSW

Advertised rents are around the $365 mark per week – giving a return of 3.68% based on the median price in Suburb

NSW has seen average median house prices change by 6.96% which means that Tea Gardens, 2324 has done well for property investors by showing a capital gain of 24.55% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Tea Gardens comes in at number 411th in NSW.

Tea Gardens2324 is located in NSW which offers an average discount of -4.23% to property investors. Tea Gardens itself is showing figures that indicate -3.26% is the average achievable by property buyers investing in the suburb.

Tea Gardens is 245th on a list of best yielding suburbs for rents in NSW with a 4.18% return

Metrics i HOUSE UNIT
$516,000 $411,000
0.49% 5.38%
5.31% 24.55%
2.28% 2.14%
$365 $330
82 23
3.68% 4.18%
96.8 94.64

Source: CoreLogic

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