QLD/
Tanah merah

Suburb Profile

Tanah Merah - FREE 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 $460,000.

The upward trend in home prices in TANAH MERAH, 4128 averaged 5.19% per annum over a 3-year period.

Average weekly rents on listings have reached the $420 mark, reflecting a 4.75% increase in returns based on the current median price in TANAH MERAH.

An average of 6.42 real estate transactions take place per month in TANAH MERAH which translates to 77 per annum.

77 properties were sold in TANAH MERAH in 2016, making it the 83rd most active market in QLD based on total real estate transactions.

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

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $460,000 $274,000
GROWTH REPORT
Median Quarterly 0% 8.51%
Median 12 month 12.2% -8.67%
Median 3 years 15.58% -4.2%
Median 5 years 19.48% -23.89%
10 years average annual 3.2% 6.97%
Weekly media advert. rent $420 $300
Time on Market 67.5 days 48.1 days
Gross Rental Yield Percent 4.75% 5.69%
demographics (median values)
Total Population
4558
Weekly Household Income
1181
Household Size
2.80
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