AREA REPORTS

Tea Tree Gully

Suburb Profile

Tea Tree Gully - FREE SUBURB PROFILE REPORT
POSTAL CODE: SA,5091

house

TEA TREE GULLY, 5091 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in SA have risen as a whole, pulling TEA TREE GULLY, 5091 values up and netting property investors a capital gain of 17.72% for the past year.

Investors saw the median home price rise to $445,000.

Profits due to an upward trend in home prices in the suburb averaged 5.7% per annum over a 3-year period.

TEA TREE GULLY now ranks at the 131st place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in TEA TREE GULLY are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $360 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In TEA TREE GULLY, homes and units usually stay on listing for an average of 66.8 days.

In 2016, 61 properties were sold in TEA TREE GULLY during the past year, making it the 82nd most active market in SA based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $445,000 N/A
GROWTH REPORT
Median Quarterly 2.01% N/A
Median 12 month 17.72% N/A
Median 3 years 17.11% N/A
Median 5 years 18.67% N/A
10 years average annual 3.4% N/A
Weekly media advert. rent $360 N/A
Time on Market 66.8 days N/A
Gross Rental Yield Percent 4.21% N/A
demographics (median values)
Total Population
3054
Weekly Household Income
1068
Household Size
2.50
demographics
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