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Tanah Merah
AREA REPORTS

Tanah Merah

Tanah Merah - SUBURB PROFILE REPORT
POSTAL CODE: QLD, 4128

house
unit

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 $505,000.

The upward trend in home prices in TANAH MERAH, 4128 averaged 4.07% per annum over a 3-year period.

Average weekly rents on listings have reached the $450 mark, reflecting a 4.63% increase in returns based on the current median price in TANAH MERAH.

An average of 8 real estate transactions take place per month in TANAH MERAH which translates to 96 per annum.

96 properties were sold in TANAH MERAH in 2016, making it the 16th most active market in QLD based on total real estate transactions.

TANAH MERAH, 4128 places 697th in Australia based on median property value growth during the quarter.

Data report can be found below

Tanah Merah
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $505,000 $240,000
GROWTH REPORT
Median Quarterly 2.02% 9.84%
Median 12 month 7.68% -4.95%
Median 3 years 12.22% 9.59%
Median 5 years 23.17% -11.93%
10 years average annual 2.68% -1.57%
Weekly media advert. rent $450 $310
Time on Market 42.2 days 0.0 days
Gross Rental Yield Percent 4.63% 6.72%
demographics (median values)*
Total Population
4558
Weekly Household Income
1181
Household Size
2.80
Age
31
Monthly Loan Repayment
1300
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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