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PRD Coolangatta  →  Research Hub  →  Tweed Heads Property Market Update 1st Half of 2022

Tweed Heads Property Market Update 1st Half of 2022

In Q4 2021, Tweed Heads recorded a median house price of $1,011,250 and a median unit price of $675,000. This represents annual (Q4 2020 – Q4 2021) median price growth of 33.9% for houses and 33.7% for units. Between Q4 2020 – Q4 2021 total sales in both markets slowed, by -12.5% for houses (to 476 sales) and by -8.1% for units (to 308 sales). Current owner occupiers and down-sizers can benefit from real returns on capital investment, as median price growth has been fuelled by an imbalance in high demand and low stock levels. The market is heavily undersupplied, in need for ready-to-sell stock.

In Q4 2021, Tweed Heads recorded a median house price of $1,011,250 and a median unit price of $675,000. This represents annual (Q4 2020 – Q4 2021) median price growth of 33.9% for houses and 33.7% for units. Between Q4 2020 – Q4 2021 total sales in both markets slowed, by -12.5% for houses (to 476 sales) and by -8.1% for units (to 308 sales). Current owner occupiers and down-sizers can benefit from real returns on capital investment, as median price growth has been fuelled by an imbalance in high demand and low stock levels. The market is heavily undersupplied, in need for ready-to-sell stock.

Average vendor discounts between Q4 2020 and Q4 2021 have swung to a premium for units, to 0.4%. It has tightened for houses, to -1.6%. Market conditions in Tweed Heads continue to favour vendors, as buyers must either offer above or close to the initial listing price.

In December 2021, house rental yields in Tweed Heads were recorded at 3.9%. This means that owners are making a strong return on investment. In the past 12 months to Q4 2021 median house sale price growth, of 33.9%, have outpaced median house rental price growth (27.1%). That said median house rental price for Q4 2021 sits at $750 per week, with a low average day to let of 18 days; thus indicating a resilient rental market.

4+ bedroom houses have provided investors with +25.0% rental growth annually, with a median rent of $850 per week.

Also in December 2021, Tweed Heads recorded a vacancy rate of 0.3%, well below Gold Coast LGA (0.6%) and Tweed Shire LGA (0.6%). Vacancy rates in Tweed Heads remain well below the Real Estate Institute of Australia’s healthy benchmark of 3.0% and have trended below 1.0% for the past 19 months. This confirms there is still a healthy rental demand and investors can be confident of a conducive investment environment in Tweed Heads.

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