All About Tea Tree, Brighton, TAS, 7017

Tea Tree, located in the Brighton municipality of Tasmania, offers a tranquil semi-rural lifestyle while still being accessible to the conveniences of nearby Hobart. The housing market in Tea Tree has been gaining attention, particularly among families and individuals seeking a more relaxed environment away from the hustle and bustle of city life. Properties in the area are characterized by larger blocks of land, often featuring spacious family homes or charming cottages, making it appealing to those who value privacy and space. While the demand has been gradually increasing, housing prices in Tea Tree remain more affordable compared to those in metropolitan areas, drawing interest from both first-time homebuyers and retirees.

Living in Tea Tree means enjoying a close-knit community atmosphere with picturesque surroundings and a peaceful, rural charm. The town is enveloped by rolling hills and lush greenery, offering ample opportunities for outdoor enthusiasts to engage in activities like hiking, cycling, and exploring the local flora and fauna. Despite its rural setting, Tea Tree is just a short drive from Brighton, which provides essential amenities such as schools, shopping centers, and healthcare facilities. Residents appreciate the blend of serene country living with convenient access to modern necessities, making Tea Tree an attractive locale for those looking to balance lifestyle and accessibility.

Tea Tree Real Estate Market Outlook

Thinking about buying in Tea Tree? Now could not be a better time, with just 263 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $570,000 with prices in this suburb ranging from $49,000 to $1,882,000. Tea Tree is located fairly close to the coast at just 6Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Incomes in Tea Tree are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Tea Tree classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Tea Tree requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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Nearby Suburbs

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