Suburb Profile Report for Tweed Heads West NSW (2485)

Tweed Heads West House: Median price $573,000, Annual capital growth 3.44%, Number of sales 88, Weekly median advertised rent $500

Tweed Heads West Unit: Median price $290,500, Annual capital growth 2.54%, Number of sales 103, Weekly median advertised rent $340

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

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

  • House Report
  • Unit Report

Investment property in Tweed Heads West 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 7.04%

The five-year average increase in median property values for Tweed Heads West,2485 has given property investors a potential capital gain of 39.88% across each of those five years.

Tweed Heads West, 2485 is offering NSW ‘s 702th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this NSW.

On average over the past year, suburb has had 7.33 sales per month, which equates to 88 per year.

A $500 per week rent on the median house gives suburb investors a gross yield of circa 4.56%, without taking into account capital value appreciation, which has been averaging out at 3.44%.

Tweed Heads West, 2485 ranked 126th 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

If we look at median property appreciation over just the last three months, Tweed Heads West has given property investors a paper return of 2.61%. This puts Suburb as 92 on a list of fastest fasting appreciating suburbs in NSW

LACK OF BUYER INTEREST may well be the reason that Tweed Heads West is offering property investors an average of -6.52. This rate of discount on properties puts Suburb at number 200th in terms of most discounted suburbs in NSW

In the last year 103 properties changed hands in Tweed Heads West, which puts it as the 125th most active market in NSW when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $17680 per annum or $340 every week.

Metrics i HOUSE UNIT
$573,000 $290,500
3.26% 2.61%
7.04% 3.51%
3.44% 2.54%
$500 $340
88 103
4.56% 5.99%
48.313725 91.567566

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

DSR Score for property investment : Good (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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