Real Estate Tea Tree Tas 7017

Real Estate Market: Is Tea Tree TAS 7017 a Good Suburb to Buy Into?

Housing Market in Tea Tree

Key Tea Tree Metrics & Forecast to 2028

Sources: Property Listings and Microburbs, 2006 - 2023

Field	Value	VS Hobart	Trend
Capital Growth Forecast: Houses	Premium	Premium	Premium
Capital Growth Forecast: Houses (2-Year Outlook)	Premium	Premium	Premium
Median yield for houses	Premium	Premium	Premium
Smart median rent: All houses	$539	Bottom 36%	145% to Mar 2025
Smart median sale price: All houses	Premium	Premium	Premium

Housing Supply in Tea Tree

Tea Tree Real Estate Investor Report

Sample Graphic

The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL and Microburbs, 2002 - 2023

Tea Tree

45.0%

Hobart

34.1%

Compare
Suburbs

Field	Value	VS Hobart	Trend
Development applications	0	Bottom 38%	Data for Jun 2025
Developments	2.9	Top 41%	Data for Jul 2023
Housing Stock Quality Indicator
Total new residential buildings value (SA2)	Premium	Premium	Premium
Days on market: houses	Premium	Premium	Premium
Volume of houses sold in the last 30 days	Premium	Premium	Premium
Volume of units sold in the last 30 days	Premium	Premium	Premium
Stock on Market	1	Top 44%	100% to Mar 2025

Housing Stock Quality in Tea Tree

The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL and Microburbs, 2006 - 2023

Field	Value	VS Hobart	Trend
Houses	100.0%	Top 31%	Data for Jan 2021
Average bedrooms - all homes	2.8	Top 23%	30% to Jan 2021
NBN connection: fibreoptic cable to node	0.0%	Bottom 37%	Data for Jun 2023

Development Restrictions in Tea Tree

Tea Tree Zoning Map

Sample Graphic

The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN and Microburbs, 2011 - 2023

Tea Tree

23.4%

Hobart

29.9%

Compare
Suburbs

	Field	Value	VS Hobart	Trend

Risk in Tea Tree

Tea Tree Risk Report

Sample Graphic

The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023

Tea Tree

49.0

Hobart

39.4

Compare
Suburbs

Field	Value	VS Hobart	Trend
% Owner Occupied	95.1%	Top 38%	0 to May 2023
% Rentals	4.9%	Bottom 37%	10% to May 2023
Housing Affordability Index	32	Bottom 48%	Data for Jun 2023
Median monthly mortgage	$1,950	Top 49%	61% to May 2023
Rent Affordability Index (Houses)	79	Top 48%	Data for Jun 2023
Rent Affordability Index (Units)	74	Bottom 39%	Data for Jun 2023
Mortgage as a percent of income	19.6%	Bottom 36%	7% to Jan 2021
Mortgaged Dwellings	53.9%	Top 15%	20% to May 2023

Unit Market in Tea Tree

Tea Tree Unit Investor Report

Sample Graphic

	Field	Value	VS Hobart	Trend
	Smart median sale price: All units	Premium	Premium	Premium
	Unit to house ratio	78.0%	Top 37%	69% to Jan 2025

Housing Demand in Tea Tree

The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN, Property Listings and Microburbs, 2006 - 2030

Tea Tree

31.8%

Hobart

61.6%

Compare
Suburbs

Field	Value	VS Hobart	Trend
Net internal migration (LGA)	Premium	Premium	Premium
Net overseas migration (LGA)	Premium	Premium	Premium
Historical Population (SA3)	20600	Bottom 8%	53% to Dec 2023
Historical population growth	Premium	Premium	Premium
Population (LGA)	20700	Top 41%	60% to Dec 2030
Population Projection (LGA)	Premium	Premium	Premium
Proportion of distressed listings	Premium	Premium	Premium

LGA Details (1)

Headline	Place	Datetime
Local government area	Brighton

Percent of Renters by Street (4)

Percent of Renters	Street
5.6%	Grices Rd
0.0%	Tea Tree Rd
0.0%	Merriworth Rd
0.0%	Williams Rd

Turnover Rate by Street (10)

Turnover rate	Street	Turnover Label	Turnover Years	Year
91.3%	Middle Tea Tree Rd	high turnover	Every 11.0 years (high turnover)	2025
122.2%	Grices Rd	very high turnover	Every 8.2 years (very high turnover)	2025
120.0%	Tea Tree Rd	very high turnover	Every 8.3 years (very high turnover)	2025
100.0%	Back Tea Tree Rd	high turnover	Every 10.0 years (high turnover)	2025
20.0%	Glen Rose Dr	very tightly held	Every 50.0 years (very tightly held)	2025

Recently Sold Houses (91)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
902 Tea Tree Rd	Price Withheld	3.0	2.0	12.0	07 Nov 2024	On Market
93 Grices Rd	$820,000	3.0	1.0		25 Mar 2024	On Market
93 Grices Rd	Price Withheld	3.0	1.0	3.0	25 Mar 2024	On Market
149 Williams Rd	Price Withheld	3.0	2.0	0.0	21 Dec 2023	On Market
815 Middle Tea Tree Rd	$530,000	3.0	1.0	8.0	18 Dec 2023	On Market

Accommodation Options (1)

Name	Address
Tea Tree Water Cartage	1229 Tea Tree Rd, Tea Tree TAS 7017, Australia

Businesses (11)

Name	Address
C. C. Asphalt & Seal Driveways
C. C. Asphalt & Seal Driveways
Ken Cooper Builder & Joiner	631, Middle Tea Tree Rd
Ken Cooper Builder & Joiner	631, Middle Tea Tree Rd
Ken Cooper Builder & Joiner	631, Middle Tea Tree Rd

Median House Sale Prices by Street (100)

Street	Date	Median sale value
Williams Rd	10 May 2024	$1,172,000
Tea Tree Rd	06 Oct 2023	$853,400
Grices Rd	06 Oct 2023	$885,000
Rosewood Ln	06 Oct 2023	$690,000
Glen Rose Dr	06 Oct 2023	$1,789,000

Recent Rental Unit Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
Unit 2, 110 Merriworth Rd	$300	2.0	1.0	5.0	19 Jun 2020
Unit 2, 110 Merriworth Rd	$300	2.0	1.0	5.0	19 Jun 2020
Unit 2, 110 Merriworth Rd	$300	2.0	1.0	5.0	19 Jun 2020
Unit 2, 110 Merriworth Rd	$300	2.0	1.0	5.0	19 Jun 2020
Unit 2, 110 Merriworth Rd	$300	2.0	1.0	5.0	19 Jun 2020

Recent Rental House Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
27 Williams Rd	Price Withheld	4	2	2	02 Nov 2023
27 Williams Rd	Price Withheld	4	2	2	02 Nov 2023
27 Williams Rd	Price Withheld	4	2	2	02 Nov 2023
27 Williams Rd	Price Withheld	4	2	2	02 Nov 2023
27 Williams Rd	Price Withheld	4	2	2	02 Nov 2023

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
845 Back Tea Tree Rd	Price Withheld	0.0	0.0		03 Feb 2023	On Market
845 Back Tea Tree Rd	Price Withheld				03 Feb 2023	On Market
845 Back Tea Tree Rd	Price Withheld	0.0	0.0	0.0	03 Feb 2023	On Market
845 Back Tea Tree Rd	Price Withheld				03 Feb 2023	On Market
845 Back Tea Tree Rd	Price Withheld				03 Feb 2023	On Market