Tea Tree Gully, 5091 ranked 348th in SA when comparing growth in median property values or capital gain over the last 12 months. Tea Tree Gully is one of 853 in our list for SA
The five-year average increase in median property values for Tea Tree Gully,5091 has given property investors a potential capital gain of 9.30% across each of those five years.
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New stock destabilises house values
Median house price: $395,000
Stock on market: 125%
12-month growth: -9.2%
Tea Tree Gully broke a streak of positive growth in the past 12 months when house values fell by nearly 10%.
During that same period, housing stock on the market more than doubled, from 11 properties to 26. With South Australia experiencing a flat period, this influx of new listings has likely upset the balance of demand and supply.
With prices now below the $400,000 mark, however, affordability could draw buyers to the suburb. Nearby suburbs such as Modbury and Hope Valley are home to amenities like shopping areas and schools like Modbury South Primary and Modbury High School. Ansley Hill Recreation Park is also adjacent to Tea Tree Gully.
Buses run daily from the stop at Perseverance Road to take commuters to Tea Tree Plaza and all the way to Adelaide.