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6 MIN READProperty Market Update: Brisbane, August 2021
Brisbane property prices went against the grain in August, delivering steady gains as its bigger capital city peers face...
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Tea GardensTea Gardens - SUBURB PROFILE REPORT
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Property investors enjoyed capital gains of 20.35% over the last 12 months in TEA GARDENS, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 6.45% growth over a ten-year period. It ranks 1255th on our list of suburbs that property investors should look into.
TEA GARDENS, 2324 has a capital gain of 20.35% for the past year, which is higher than average compared to its 41.84% growth within a five-year period.
With the median home price in TEA GARDENS sitting at $695,000, and the average rent at $350, property owners could potentially earn a 2.62% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in TEA GARDENS are high, as opposed to average gains per annum over the past five years.
TEA GARDENS, 2324 in NSW belongs to the local government area of Mid-Coast (A).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $695,000 | $435,000 |
| GROWTH REPORT | ||
| Median Quarterly | 15.83% | 0% |
| Median 12 month | 20.35% | -2.79% |
| Median 3 years | 19.31% | 9.73% |
| Median 5 years | 41.84% | 33.85% |
| 10 years average annual | 6.45% | 3.76% |
| Weekly media advert. rent | $350 | N/A |
| Time on Market | 88.7 days | 0.0 days |
| Gross Rental Yield Percent | 2.62% | N/A |
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