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Tea Tree Gully

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 15.29% for the past year.

Investors saw the median home price rise to $905,000.

Profits due to an upward trend in home prices in the suburb averaged 10.55% per annum over a 3-year period.

TEA TREE GULLY now ranks at the 70th 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 $600 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 48 days.

In 2016, 61 properties were sold in TEA TREE GULLY during the past year, making it the 86th most active market in SA based on total real estate transactions.

Surburb overview

Tea Tree Gully, located approximately 20 kilometres northeast of Adelaide’s central business district, is a scenic and historic suburb within the City of Tea Tree Gully. Known for its leafy streets, natural beauty, and rich heritage, Tea Tree Gully offers a peaceful, family-friendly lifestyle. With a population of around 3,000 residents, the suburb attracts families, professionals, and retirees who appreciate its relaxed suburban feel and access to both modern amenities and outdoor recreational opportunities.

Public transportation in Tea Tree Gully is convenient, with regular bus services connecting the suburb to Adelaide’s CBD and surrounding areas. The nearby Tea Tree Plaza Interchange offers access to the O-Bahn busway, providing a fast and efficient route to the city. For those who prefer driving, Tea Tree Gully is well-connected by major roads such as North East Road and Lower North East Road, making commuting easy.

Tea Tree Gully offers a range of essential services and amenities. While the suburb maintains a quiet and semi-rural feel, residents can easily access shopping and dining options at the nearby Westfield Tea Tree Plaza, one of the largest retail centres in the northeastern suburbs. The shopping centre features supermarkets, retail stores, cafes, restaurants, and entertainment options. Healthcare services are readily available, with medical clinics in the area and the Modbury Hospital located nearby for more comprehensive care.

Recreational opportunities in Tea Tree Gully are plentiful, thanks to its proximity to nature reserves and parks. The suburb is home to the Anstey Hill Recreation Park, which offers scenic walking and cycling trails, picnic areas, and opportunities to observe local wildlife. The Tea Tree Gully Golf Club provides a challenging course set amidst natural beauty, attracting golf enthusiasts from across the region. The suburb’s parks, such as the popular Civic Park, offer green spaces for families and outdoor activities.

Tea Tree Gully also has a rich historical background, with several heritage-listed buildings and sites reflecting its colonial past. The Tea Tree Gully Heritage Museum, located in a former courthouse and police station, offers insights into the suburb’s history and is a popular attraction for visitors and locals alike.

Families in Tea Tree Gully benefit from access to quality schools, including the nearby Tea Tree Gully Primary School and Banksia Park International High School. The strong sense of community and family-oriented atmosphere make the suburb a desirable place for raising children.

With its combination of natural beauty, access to modern amenities, and a peaceful, community-focused lifestyle, Tea Tree Gully is a highly desirable suburb for those seeking suburban tranquillity within easy reach of Adelaide. Its blend of history, outdoor opportunities, and family-friendly amenities make it an appealing location in Adelaide’s northeastern region.

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