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Tea Gardens, NSW 2324
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$920,000
market range $875K-$1M
Median Unit
$550,000
list-price estimate
Gross Yield (units)
4.3%
1yr Growth (houses)
+4.8%
market range +0.0% to +7.5%
Investment snapshot for Tea Gardens
Tea Gardens has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Tea Gardens market and investor summary
In Tea Gardens, NSW 2324, the median house sells for around $920K. House prices have moved +4.8% over the past year and -4.7% over three years. At 1.4% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 1.4% and a resident base that is not shrinking. Houses also take time to sell, around 81 days on market, so plan for a slower exit if you ever need one.
Living in Tea Gardens: people, income and schools
Tea Gardens has a resident population of roughly 3,288, and the area has been growing steadily, up about 7% over five years. At a median age of 69, it reads as an older, established demographic, and families account for 71% of households.
The typical household income runs to around $52,000 a year (about $990 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (2 out of 10). At current prices a median house runs to a steep 17.9 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 34% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
There is 1 school within about 5km, testing close to the national school average on ICSEA. It is fairly car-dependent; the suburb scores 42 for walkability out of 100. Fixed broadband is delivered over the NBN's Fibre to the Curb.
- Population
- 3,288
- +7% over 5yr
- Median age
- 69 years
- Median household income
- $52,000/yr
- Households renting
- 28%
- Family households
- 71%
- Socio-economic rank
- 2/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 1005
- Unemployment
- 7.3%
- Walk score
- 42/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Tea Gardens
View all →Frequently asked questions about Tea Gardens
What should I check before investing in Tea Gardens?
Tea Gardens has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.3% gives a usable rent-to-price starting point. Capital growth of +4.8% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Tea Gardens?
The median property price in Tea Gardens, NSW 2324 is $920K for houses.
What rental yield does Tea Gardens show?
The gross rental yield in Tea Gardens is 4.3% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Tea Gardens?
House prices in Tea Gardens are up 4.8% over the past year and down 4.7% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Tea Gardens?
The current vacancy rate in Tea Gardens is 1.4%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Tea Gardens?
Tea Gardens has a population of approximately 3,288 residents, with a median age of 69.
What schools are near Tea Gardens?
There are 1 school within roughly 5km of Tea Gardens. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Tea Gardens affordable to buy in?
A median house in Tea Gardens costs about 17.9 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Tea Gardens's population growing?
The population of Tea Gardens has grown about 7% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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