Question 1

Is Tea Tree Gully a nice place to live?

Accepted Answer

Tea Tree Gully sits where a tree-lined gully meets the lower slopes of the Adelaide Hills and centres on a village-style hub of independent shops, cafes and civic buildings around the historic town area. The suburb has a suburban feel of mostly detached family homes on generous blocks with pockets of newer infill housing. It suits families and people seeking a leafy, low-density lifestyle, with reserves, walking trails and community sports ovals nearby, and is served by regular bus routes and main roads linking to larger centres and the city.

About 3,499 people live in Tea Tree Gully and the median age is 44; couple families make up about 85% of families and owner-occupiers account for 85.8% of households, outnumbering renters roughly six to one. Local works guided by a township precinct plan are improving the centre, including a North East Road streetscape upgrade that will underground sections of power lines and improve footpaths and intersections, and SA Water is rolling out mains sewer connections, with more than 700 properties already converted. Whether it suits you depends on whether that settled, owner-occupied, suburban character matches what you’re after.

Question 2

Is it expensive to live in Tea Tree Gully?

Accepted Answer

Buying a house in Tea Tree Gully sits well above what local households earned at the last Census. At a median house price of $932,500, that works out to about 11.2 times a typical local annual household income at the last Census, so purchasing a house is well above local incomes on these figures.

Renting a house looks significant too: the average house rent of $650 a week would take about 40.4% of a typical local household's weekly income at the last Census, which is a large share. If you're renting rather than buying, that rent share is the more immediate measure; whether it feels expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Tea Tree Gully a good place to invest?

Accepted Answer

House values in Tea Tree Gully climbed 13.7% over the past 12 months, a strong rise in what a house here is worth. House rents also increased, up 12.1% over the year.

If you're weighing Tea Tree Gully as an investment, those two figures point to both capital growth and higher rental income over the past year, with values edging slightly ahead of rents so capital growth was the stronger performer this period. Whether that balance fits your goals and circumstances is for you to judge.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$933K	N/A
Change in value Past 12 months	13.7%	N/A
Sold Past 3 months	18	N/A
Median days on market Past 12 months	51	N/A
Average rent Past 12 months	$650	N/A
Change in rent Past 12 months	12.1%	N/A

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