Suburb Profile Report for Tea Tree Gully SA (5091)

Tea Tree Gully House: Median price $437,500, Annual capital growth 2.44%, Number of sales 60, Weekly median advertised rent $350

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

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report

Investment property in Tea Tree Gully has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.69%

The five-year average increase in median property values for Tea Tree Gully,5091 has given property investors a potential capital gain of 16.67% across each of those five years.

Our latest figures would indicate that property sellers in Tea Tree Gully are currently offering property investors an average price cut of -8.39% below the asking price at the moment.

Property investors should expect to get $350 weekly from the median priced house in this suburb.

Information supplied by:


January 2018

M
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W
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New stock destabilises house values

Postcode: 5091

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.

 

Metrics i HOUSE UNIT
$437,500 N/A
-0.57% N/A
-1.69% N/A
2.44% N/A
$350 N/A
60 N/A
4.16% N/A
76.452380952381 N/A

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 3124
Median household income ($/weekly) 1235
Median age of persons 41
Median housing loan repayment ($/monthly) 1500
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 411 13.2
    35-44 years 483 15.5
    45-54 years 413 13.2
    55-64 years 420 13.4
    65-74 years 352 11.3
    Others 1045 33.5
    Age Group
    Census Count Percent(%)
    Registered Married 1358 56.3
    Not Married 837 34.7
    Defacto Relationship 216 9.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 2328 77.2
    Greece 26 0.9
    New Zealand 20 0.7
    United Kingdom 429 14.2
    Other 54 1.8
    Others 157 5.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 18 0.6
    Christianity 1884 66.2
    Islam 12 0.4
    Other Religious Groups 15 0.5
    No Religion 907 31.8
    Others 12 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 122 11.0
    $600-$799 123 11.1
    $800-$999 122 11.0
    $1,500-$1,999 150 13.5
    $2,000-$2,499 127 11.5
    Others 464 41.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 950 38.2
    Not in the labour force 842 33.9
    Employed, worked part-time 514 20.7
    Employed, away from work 94 3.8
    Unemployed, looking for work 85 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 186 11.9
    Professionals 301 19.3
    Technicians & trades workers 261 16.7
    Community & personal service workers 184 11.8
    Clerical & administrative workers 229 14.7
    Others 398 25.5
    Occupation
    Census Count Percent(%)
    Pre-school 39 5.2
    Infants/Primary 309 41.1
    Secondary 171 22.8
    Technical or Further Educational Institution 91 12.1
    University or other Tertiary Institutions 106 14.1
    Others 35 4.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2804 93.6
    Semi-detached, row or terrace house, townhouse 178 5.9
    Flat, unit or apartment 14 0.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 549 46.5
    Fully owned 466 39.5
    Rented 163 13.8
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
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