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Tea Tree, TAS 7017
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$900,000
list-price estimate
Median Unit
$580,000
Gross Yield (houses)
2.1%
1yr Growth
-
Investment snapshot for Tea Tree
Tea Tree has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Tea Tree market and investor summary
In Tea Tree, TAS 7017, houses show a gross rental yield of 2.1%. At 1.4% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.1% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.4% and a resident base that is not shrinking. Houses also take time to sell, around 70 days on market, so plan for a slower exit if you ever need one.
Living in Tea Tree: people, income and schools
Tea Tree is home to around 464 people, and the area has been growing steadily, up about 8% over five years. At a median age of 44, it reads as skewed a little older, and 88% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $95,000 a year (about $1,820 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). Incomes have risen about 17% over five years, which tends to underpin what local buyers can pay.
Tea Tree sits about 21 km from the CBD. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 464
- +8% over 5yr
- Median age
- 44 years
- Median household income
- $95,000/yr
- Households renting
- 11%
- Family households
- 77%
- Socio-economic rank
- 6/10
- ABS advantage index
- Unemployment
- 2.7%
- Distance to CBD
- 21 km
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 Tree
View all →Frequently asked questions about Tea Tree
What should I check before investing in Tea Tree?
Tea Tree has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.3%, giving a stronger rent-to-price starting point than many suburbs. Tight rental market (1.4% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Tea Tree?
The median property price in Tea Tree, TAS 7017 is $580K for units.
What rental yield does Tea Tree show?
The gross rental yield in Tea Tree is 2.1% for houses and 5.3% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Tea Tree?
The current vacancy rate in Tea Tree 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 Tree?
Tea Tree has a population of approximately 464 residents, with a median age of 44.
Is Tea Tree's population growing?
The population of Tea Tree has grown about 8% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Tea Tree from the CBD?
Tea Tree is about 21 km from the CBD.
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