Thinking about buying in Tea Tree? Now could not be a better time, with just 259 residential dwellings it's a highly sought after location.
The average property price for this area is $614,000 with prices in this suburb ranging from $178,000 to $1,188,000.Distance to the coast is 7 Km.
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Incomes in Tea Tree are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Tea Tree classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Tea Tree requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
|Median Weekly Rent||$350.00|
|Median Monthly Mortgage||$1556.00|
|Median Persons Per Bedroom||0.80|
|Average Household Size||3.00|
|Average Cars Per Dwelling||2.52|
|Average Properties Within 50M||1.00|
|601 TEA TREE RD, TEA TREE, TAS, 7017||6||3||2||Offers Over $1,200,000|
None within suburb boundary(While the above schools are located with the suburb of Tea Tree there may also be nearby schools whose catchments cover this suburb)
Incidents Trend State Average
| (mm) |
|Min (°C) |
|Max (°C) |
|Min (%) |
|Max (%) |
| (m/sec) |
| (MJ/sq m) |
source: Australian Government Bureau of Meteorology
Fibre to the Node
Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!