TANAH MERAH, 4128 ranks 870th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 18.47% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,020,000.
The upward trend in home prices in TANAH MERAH, 4128 averaged 15.24% per annum over a 3-year period.
Average weekly rents on listings have reached the $700 mark, reflecting a 3.57% increase in returns based on the current median price in TANAH MERAH.
An average of 5.58 real estate transactions take place per month in TANAH MERAH which translates to 67 per annum.
67 properties were sold in TANAH MERAH in 2016, making it the 153rd most active market in QLD based on total real estate transactions.
TANAH MERAH, 4128 places 613th in Australia based on median property value growth during the quarter.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $650,500.
Investors saw the median home price rise to $650,500.
The upward trend in home prices in TANAH MERAH, 4128 averaged 15.67% per annum over a 3-year period.
TANAH MERAH now ranks at the 182nd place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in TANAH MERAH are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $465 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In TANAH MERAH, homes and units usually stay on listing for an average of 29.1 days.
14 properties were sold in TANAH MERAH in 2016, making it the 349th most active market in QLD based on total real estate transactions.