Tea Gardens

POSTAL CODE: NSW, 2324

HOUSE

Property investors enjoyed capital gains of 0.55% over the last 12 months in TEA GARDENS, translating to higher 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 6.76% growth over a ten-year period. It ranks 2179th on our list of suburbs that property investors should look into.

TEA GARDENS, 2324 has a capital gain of 0.55% for the past year, which is lower than average compared to its 27.78% growth within a five-year period.

With the median home price in TEA GARDENS sitting at $920,000, and the average rent at $600, property owners could potentially earn a 3.39% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in TEA GARDENS are low, 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.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$920,000	N/A
Growth Report
Median Quarterly	1.1%	N/A
Median 12 month	0.55%	N/A
Median 3 years	10.58%	N/A
Median 5 years	27.78%	N/A
10 years average annual	6.76%	N/A
Weekly media advert. rent	$600	N/A
Time on Market	105 days	N/A
Gross Rental Yield Percent	3.39%	N/A

Demographics (Median Values)*

Total Population 23648

Weekly Household Income 1082

Household Size 2.40

Average Age 45

Monthly Loan Repayment 1517

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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