Suburb Profile Report for Tweed Heads West NSW (2485)

Tweed Heads West House: Median price $557,791, Annual capital growth 3.56%, Number of sales 57, Weekly median advertised rent $510

Tweed Heads West Unit: Median price $280,000, Annual capital growth 1.80%, Number of sales 89, Weekly median advertised rent $350

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Tweed Heads West, 2485 ranked 310th in NSW when comparing growth in median property values or capital gain over the last 12 months. Tweed Heads West is one of 3163 in our list for NSW

A 36.88% growth in median value for property investors in Tweed Heads West,2485 puts this suburb at number 748th in terms of best performing suburbs in NSW

Tweed Heads West, 2485 is offering NSW ‘s 747th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this NSW.

At number 712 in a list of fastest selling suburbs, Tweed Heads West is in the TOP 20% of suburbs in Australia with an average of days on market 58.3488 for properties listed there.

Tweed Heads West is 217th on a list of best yielding suburbs for rents in NSW with a 4.75% return

NSW has seen average median house prices change by -4.02% which means that Tweed Heads West, 2485 has not done well for property investors by showing a capital gain of -7.89% over the last year

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Tweed Heads West has increased when compared to the 5 year average annual rate.

The most recent median price for Tweed Heads West is $280000, with sellers offering an average of -6.34% off the asking price.

Often selling an investment property can take time, and in Tweed Heads West the average time real estate has been on the market is 84 days.

Renters in Suburb are facing rents around $18200 per annum or $350 every week.

Metrics i HOUSE UNIT
$557,791 $280,000
-1.28% 0.00%
1.97% -7.89%
3.56% 1.80%
$510 $350
57 89
4.75% 6.50%
58.3488372093023 84

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Good (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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