Suburb Profile Report for Tweed Heads West NSW (2485)

Tweed Heads West House: Median price $467,700, Annual capital growth 3.09%, Number of sales 91, Weekly median advertised rent $500

Tweed Heads West Unit: Median price $258,500, Annual capital growth 1.64%, Number of sales 122, Weekly median advertised rent $315

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Tweed Heads West, 2485 have given investors a capital gain of 10.31%. This compares favourably with the 6.87% for NSW as a whole.

While Tweed Heads West,2485 ranked number 463th in NSW for increase in median house value (annualised) increase, it is ranked 1019th over the last 5 years.

Property investors looking for a bargain in Tweed Heads West should be aiming for at least -3.63% off the asking price, which is the average vendor discount being achieved at the moment.

Renters in Suburb are facing rents around $6000 per annum or $500 every week.

Giving property investors a a solid capital gain of 15.14% for the last year, Tweed Heads West, 2485 is the 194th highest performer in Australia in this respect.

Across a shorter period, Tweed Heads West, 2485 has seen a median price increase of 2.99% over the last quarter.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.42% offered to property buyers. Sellers in Tweed Heads West itself are offering an average vendor discount of -5.13% to real estate investors.

Renters in Suburb are facing rents around $3780 per annum or $315 every week.

HOUSE UNIT
$467,700 $258,500
3.70% 2.99%
10.31% 15.14%
3.09% 1.64%
$500 $315
91 122
5.56% 6.34%
84.05 79.5

Source: CoreLogic

DSR Score for property investment : Very good (U), Very good (H)
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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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Recent sales & rentals