Suburb Profile Report for Tea Tree Gully SA (5091)

Tea Tree Gully House: Median price $429,000, Annual capital growth 5.28%, Number of sales 60, Weekly median advertised rent $340

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

Source: CoreLogic

  • House Report
  • Expert Report

Over the last year, property investments in Tea Tree Gully, 5091 have given investors a capital gain of 13.64%. This compares very favourably with the 3.04% for SA as a whole.

Taking the average capital gain, or increase in median house value, Tea Tree Gully,5091 has racked up an average of 13.64% over the period. This ranks it number 1905th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Tea Tree Gully is offering property investors an average of -6.54. This rate of discount on properties puts Suburb at number 290th in terms of most discounted suburbs in SA

Renters in Suburb are facing rents around $4080 per annum or $340 every week.

Information supplied by:




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Located at the edge of the Adelaide foothills, Tea Tree Gully's large blocks offer plenty of potential for sub-dividers and renovators looking to manufacture value. Renowned schools, fine dining, large scale shopping and pleasant recreational walking tracks make the suburb attractive to investors and owner-occupiers alike.
The last decade has seen many of the older properties in the area knocked down and rebuilt into double blocks, creating villa or courtyard allotments.Full summary

Selling points: Tea Tree Gully is in a beautiful part of Adelaide, approximately 19km from the CBD, on the edge of the foothills.The average home is about 40 years of age with a price of around the mid $300,000 mark, offering investors a good return.

 Most sought after properties: The most popular area of Tea Tree Gully is a development on land once owned by Angoves Winery.This was developed in the mid-nineties with prices now ranging from $400,000 to $700,000.

Most common properties: Three to four-bedroom homes on 600-700sqm blocks.

Top amenities: The area boasts Banksia Park International High School, Newmann’s Nursery (recently voted Australia’s top garden centre), numerous fine dining and casual restaurants and many walking tracks, with wonderful views of Adelaide throughout Anstey Hill Recreation Park.

Local industry and business: The major hub of the area is the Westfield Shopping Centre (Tea Tree Plaza) at Modbury, which is not only a major employer but provides fast, efficient transport to the CBD.

Recent changes: The area has certainly changed over the past 10 years, with many older brick homes being demolished and blocks split into two, creating villa or courtyard allotments.                                                                                                               

Best streets: The best areas to buy in are located slightly higher up the hill in the suburb, as they give wonderful views of the city and coastline.

Public transport: The local transport is the best in Adelaide, with an OBahn (bus) track running along the River Torrens into the CBD from Tea Tree Plaza.The 14km is covered in about 15 minutes at peak hour, making the area very popular for people working in the CBD.

Main arteries: North East Road, which runs through the heart of Tea Tree Gully, provides easy access to the Barossa Valley and many beautiful Adelaide Hills towns.

Information supplied by:

Anthony Ward

Century 21

 0411 428 668

www.century21.com.au/teatreegully

atward@c21northeast.com.au

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HOUSE UNIT
$429,000 N/A
1.48% N/A
13.64% N/A
5.28% N/A
$340 N/A
60 N/A
4.12% N/A
90.06 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 3124
Median household income ($/weekly) 1235
Median age of persons 41
Median housing loan repayment ($/monthly) 1500
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 411 13.2
    35-44 years 483 15.5
    45-54 years 413 13.2
    55-64 years 420 13.4
    65-74 years 352 11.3
    Others 1045 33.5
    Age Group
    Census Count Percent(%)
    Registered Married 1358 56.3
    Not Married 837 34.7
    Defacto Relationship 216 9.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 2328 77.2
    Greece 26 0.9
    New Zealand 20 0.7
    United Kingdom 429 14.2
    Other 54 1.8
    Others 157 5.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 18 0.6
    Christianity 1884 66.2
    Islam 12 0.4
    Other Religious Groups 15 0.5
    No Religion 907 31.8
    Others 12 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 122 11.0
    $600-$799 123 11.1
    $800-$999 122 11.0
    $1,500-$1,999 150 13.5
    $2,000-$2,499 127 11.5
    Others 464 41.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 950 38.2
    Not in the labour force 842 33.9
    Employed, worked part-time 514 20.7
    Employed, away from work 94 3.8
    Unemployed, looking for work 85 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 186 11.9
    Professionals 301 19.3
    Technicians & trades workers 261 16.7
    Community & personal service workers 184 11.8
    Clerical & administrative workers 229 14.7
    Others 398 25.5
    Occupation
    Census Count Percent(%)
    Pre-school 39 5.2
    Infants/Primary 309 41.1
    Secondary 171 22.8
    Technical or Further Educational Institution 91 12.1
    University or other Tertiary Institutions 106 14.1
    Others 35 4.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2804 93.6
    Semi-detached, row or terrace house, townhouse 178 5.9
    Flat, unit or apartment 14 0.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 549 46.5
    Fully owned 466 39.5
    Rented 163 13.8
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
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