Suburb Profile Report for Tweed Heads West NSW (2485)

Tweed Heads West House: Median price $461,000, Annual capital growth 3.06%, Number of sales 83, Weekly median advertised rent $495

Tweed Heads West Unit: Median price $240,000, Annual capital growth 1.82%, Number of sales 112, Weekly median advertised rent $305

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

Source: CoreLogic

  • House Report
  • Unit Report

Tweed Heads West, 2485 ranked 518th in NSW when comparing growth in median property values or capital gain over the last 12 months. Tweed Heads West is one of 3162 in our list for NSW

Taking the average capital gain, or increase in median house value, Tweed Heads West,2485 has racked up an average of 10.29% over the period. This ranks it number 1631th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Tweed Heads West should be aiming for at least -4.47% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Tweed Heads West the average time real estate has been on the market is 82.63 days.

The NSW suburb of Tweed Heads West, 2485 is in the Tweed local government area.

Tweed Heads West, 2485 ranked 279th in NSW when comparing growth in median property values or capital gain over the last 12 months. Tweed Heads West is one of 3162 in our list for NSW

Tweed Heads West,2485 has offered an average of 6.67% return per annum in house price rises to property investors over the last three years.

Our latest figures would indicate that property sellers in Tweed Heads West are currently offering property investors an average price cut of -6.08% below the asking price at the moment.

Residents and property investors in Tweed Heads West have been waiting around 86.85 days to sell a property.

Advertised rents are around the $305 mark per week – giving a return of 6.61% based on the median price in Suburb

HOUSE UNIT
$461,000 $240,000
4.77% 3.23%
10.29% 6.67%
3.06% 1.82%
$495 $305
83 112
5.58% 6.61%
82.63 86.85

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
Find a mortgage broker in Tweed Heads West NSW
Demographics
Total population 5823
Median household income ($/weekly) 711
Median age of persons 48
Median housing loan repayment ($/monthly) 1700
Average household size 2.1
  • Census Count Percent(%)
    35-44 years 648 11.1
    45-54 years 681 11.7
    55-64 years 764 13.1
    65-74 years 789 13.5
    75-84 years 684 11.7
    Others 2257 38.8
    Age Group
    Census Count Percent(%)
    Not Married 2254 50.1
    Registered Married 1803 40.1
    Defacto Relationship 441 9.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 4332 79.8
    Greece 38 0.7
    Papua New Guinea 206 3.8
    United Kingdom 524 9.7
    Other 114 2.1
    Others 215 4.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 89 1.7
    Christianity 3991 76.4
    Hinduism 12 0.2
    Other Religious Groups 16 0.3
    No Religion 1093 20.9
    Others 20 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 300 12.8
    $400-$599 498 21.3
    $600-$799 352 15.1
    $800-$999 279 11.9
    $1,000-$1,249 213 9.1
    Others 693 29.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2359 50.8
    Employed, worked full-time 1116 24.0
    Employed, worked part-time 778 16.7
    Unemployed, looking for work 250 5.4
    Employed, away from work 142 3.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 233 11.4
    Technicians & trades workers 358 17.6
    Community & personal service workers 290 14.3
    Sales 270 13.3
    Labourers 307 15.1
    Others 577 28.4
    Occupation
    Census Count Percent(%)
    Pre-school 74 7.8
    Infants/Primary 302 31.8
    Secondary 294 30.9
    Technical or Further Educational Institution 132 13.9
    University or other Tertiary Institutions 124 13.1
    Others 24 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3172 58.5
    Semi-detached, row or terrace house, townhouse 1449 26.7
    Flat, unit or apartment 651 12.0
    Caravan, cabin, houseboat 154 2.8
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1034 41.0
    Rented 825 32.8
    Being purchased 648 25.7
    Other tenure type 12 0.5
    Tenure Type
Census 2011, ABS
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