Suburb Profile Report for Tweed Heads NSW (2485)

Tweed Heads House: Median price $646,500, Annual capital growth 5.01%, Number of sales 58, Weekly median advertised rent $520

Tweed Heads Unit: Median price $405,500, Annual capital growth 1.76%, Number of sales 321, Weekly median advertised rent $378

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Tweed Heads has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.47%

Tweed Heads,2485 was ranked 3306 in Australia by increase in median property value over the quarter.

Property buyers and investors in Tweed Heads 2485 should be seeing an average reduction in asking price of around -6.10% . This means that Tweed Heads is holding prices well when compared to other suburbs in NSW.

In the last year 58 properties changed hands in Tweed Heads, which puts it as the 564th most active market in NSW when comparing the number of sales per suburb.

Using the current median advertised rental of $520 and the average annual increase in value of a median property of 5.01%, investors should hope to achieve an overall return of 4.18%

Property investors who have had real estate in Tweed Heads, 2485 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 5.32%

Tweed Heads,2485 was ranked 657 in Australia by increase in median property value over the quarter.

Vendor discounting in Tweed Heads is giving property investors an average Vendor Discount of around -4.20%. This puts suburb at number 245th in NSW when ranking the most discounted suburbs.

A $377.5 per week rent on the median house gives suburb investors a gross yield of circa 4.84%, without taking into account capital value appreciation, which has been averaging out at 1.76%.

HOUSE UNIT
$646,500 $405,500
-2.05% 1.38%
11.47% 5.32%
5.01% 1.76%
$520 $378
58 321
4.18% 4.84%
92.2 64.32

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 7525
Median household income ($/weekly) 746
Median age of persons 54
Median housing loan repayment ($/monthly) 1733
Average household size 2
  • Census Count Percent(%)
    25-34 years 772 10.3
    45-54 years 889 11.8
    55-64 years 1169 15.5
    65-74 years 1030 13.7
    75-84 years 1003 13.3
    Others 2662 35.4
    Age Group
    Census Count Percent(%)
    Not Married 2770 47.8
    Registered Married 2480 42.8
    Defacto Relationship 542 9.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 5348 77.4
    Papua New Guinea 337 4.9
    Philippines 64 0.9
    United Kingdom 560 8.1
    Other 166 2.4
    Others 434 6.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 123 1.8
    Christianity 5142 76.5
    Hinduism 38 0.6
    Islam 33 0.5
    No Religion 1346 20.0
    Others 39 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 375 12.2
    $400-$599 564 18.4
    $600-$799 440 14.4
    $800-$999 366 11.9
    $1,000-$1,249 258 8.4
    Others 1060 34.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3348 54.4
    Employed, worked full-time 1353 22.0
    Employed, worked part-time 1020 16.6
    Unemployed, looking for work 288 4.7
    Employed, away from work 144 2.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 420 16.7
    Technicians & trades workers 381 15.1
    Community & personal service workers 359 14.3
    Clerical & administrative workers 326 12.9
    Labourers 319 12.7
    Others 714 28.3
    Occupation
    Census Count Percent(%)
    Pre-school 64 5.9
    Infants/Primary 347 32.0
    Secondary 264 24.3
    Technical or Further Educational Institution 127 11.7
    University or other Tertiary Institutions 240 22.1
    Others 44 4.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 3023 44.9
    Separate house 2510 37.3
    Semi-detached, row or terrace house, townhouse 1174 17.4
    House or flat attached to a shop, office 19 0.3
    Caravan, cabin, houseboat 4 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1364 41.6
    Rented 1268 38.6
    Being purchased 607 18.5
    Other tenure type 42 1.3
    Tenure Type
Census 2011, ABS
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