Tea Tree Gully is a smaller suburb in South Australia within the Tea Tree Gully local government area (postcode 5091). With a population of 3,499, the suburb has an established demographic with a median age of 44. Households earn a median income of $84K per year, with an average household size of 2.5 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Tea Tree Gully is $951,000, having surged 26.7% over the past year. The current median weekly rent is $570. This gives a gross rental yield of approximately 3.1%. 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.
From an investment perspective, Tea Tree Gully offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($951K/$950K). The price-to-income ratio of 11.4x is considered stretched. House prices have moved +26.7% year-on-year.
Tea Tree Gully is a smaller suburb in South Australia within the Tea Tree Gully local government area (postcode 5091). With a population of 3,499, the suburb has an established demographic with a median age of 44. Households earn a median income of $84K per year, with an average household size of 2.5 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Tea Tree Gully is $951,000, having surged 26.7% over the past year. The current median weekly rent is $570. This gives a gross rental yield of approximately 3.1%. 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.
From an investment perspective, Tea Tree Gully offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($951K/$950K). The price-to-income ratio of 11.4x is considered stretched. House prices have moved +26.7% year-on-year.