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Tea Gardens
AREA REPORTS

Tea Gardens

Tea Gardens - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2324

house
unit

Property investors enjoyed capital gains of 0.42% 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 4.73% growth over a ten-year period. It ranks 1914th on our list of suburbs that property investors should look into.

TEA GARDENS, 2324 has a capital gain of 0.42% for the past year, which is lower than average compared to its 23.83% growth within a five-year period.

With the median home price in TEA GARDENS sitting at $597,500, and the average rent at $365, property owners could potentially earn a 3.18% 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 (A).

Data report can be found below

Tea Gardens
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $597,500 $440,000
GROWTH REPORT
Median Quarterly 0.42% -8.81%
Median 12 month 0.42% -2.22%
Median 3 years 0.84% 15.41%
Median 5 years 23.83% 33.33%
10 years average annual 4.73% 3.5%
Weekly media advert. rent $365 N/A
Time on Market 112.8 days 0.0 days
Gross Rental Yield Percent 3.18% N/A
demographics (median values)*
Total Population
23648
Weekly Household Income
1082
Household Size
2.40
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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