Suburb Profile Report for Tweed Heads West NSW (2485)

Tweed Heads West House: Median price $680,000, Annual capital growth 5.32%, Number of sales 86, Weekly median advertised rent $600

Tweed Heads West Unit: Median price $372,000, Annual capital growth 4.47%, Number of sales 109, Weekly median advertised rent $370

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Property investors who have had real estate in Tweed Heads West, 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 18.26%

When looking at the potential capital gains offered to property investors over the last 3 years, Tweed Heads West comes in at number 300th in NSW.

Sellers are offering property buyers an average discount of -4.24% to buyers in Tweed Heads West at the moment, which is less than average for the rest of NSW.

In the last year 86 properties changed hands in Tweed Heads West, which puts it as the 436th most active market in NSW when comparing the number of sales per suburb.

Using the current median advertised rental of $600 and the average annual increase in value of a median property of 5.32%, investors should hope to achieve an overall return of 4.59%

If you compare the increase in value of investment property in Tweed Heads West, 2485 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 26.53%.

Tweed Heads West,2485 was ranked 81 in Australia by increase in median property value over the quarter.

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.22% offered to property buyers. Sellers in Tweed Heads West itself are offering an average vendor discount of -4.68% to real estate investors.

Residents and property investors in Tweed Heads West have been waiting around 61.7467 days to sell a property.

Metrics i HOUSE UNIT
$680,000 $372,000
5.02% 13.59%
18.26% 26.53%
5.32% 4.47%
$600 $370
86 109
4.59% 5.17%
54.7924528301887 61.7466666666667

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Excellent (U)
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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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