Tea Tree Gully is a smaller residential area in South Australia within the Tea Tree Gully local government area (postcode 5091). It is home to about 3,499 residents, with an established family demographic and a median age of 44. Households earn a median income of $84K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.5% year-on-year at the LGA level. SA employment has moved +2.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. SA also had 23 Commonwealth-backed major projects under construction, 2 underway, and 11 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, clerical & administrative. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
Tea Tree Gully has a median house price of $900,000, which has moved lower by 5.3% year-on-year. The current median weekly rent is $565. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,600.
Tea Tree Gully is served by 2 schools, including 2 primary. The average ICSEA score is 1068, which is above the national average of 1,000. Public transport access includes 22 bus stops. The crime rate in the Tea Tree Gully LGA is below average at 2,258 incidents per 100,000 population.
On the investment side, Tea Tree Gully shows a gross rental yield of approximately 3.3%, rated as moderate yield. Property prices are near the state median ($900K/$950K). The price-to-income ratio of 10.8x is considered stretched. House prices have moved -5.3% year-on-year. Population growth of +0.5% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.