Suburb Profile Report for Tweed Heads West NSW (2485)

Tweed Heads West House: Median price $567,500, Annual capital growth 3.77%, Number of sales 68, Weekly median advertised rent $505

Tweed Heads West Unit: Median price $295,000, Annual capital growth 1.89%, Number of sales 97, Weekly median advertised rent $350

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

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. 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 ok with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices unmoved in value by 0.00%

Tweed Heads West,2485 has offered an average of 0.00% return per annum in house price rises to property investors over the last three years.

Property buyers and investors in Tweed Heads West 2485 should be seeing an average reduction in asking price of around -6.57% . This means that Tweed Heads West is holding prices well when compared to other suburbs in NSW.

A $505 per week rent on the median house gives suburb investors a gross yield of circa 4.63%, without taking into account capital value appreciation, which has been averaging out at 3.77%.

Property investors who have had real estate in Tweed Heads West, 2485 should be ok 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 1.55%

Comparing Tweed Heads West,2485 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Tweed Heads West2485 is located in NSW which offers an average discount of -5.74% to property investors. Tweed Heads West itself is showing figures that indicate -5.21% is the average achievable by property buyers investing in the suburb.

On average over the past year, suburb has had 8.08 sales per month, which equates to 97 per year.

Tweed Heads West, 2485’s gross rental yield is 6.17%

Metrics i HOUSE UNIT
$567,500 $295,000
5.58% 3.51%
0.00% 1.55%
3.77% 1.89%
$505 $350
68 97
4.63% 6.17%
75.44 87.7014925373134

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (U), Good (H)
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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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