Demand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
TANAH MERAH, 4128 ranks 1065th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 30.15% 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 $613,000.
The upward trend in home prices in TANAH MERAH, 4128 averaged 12.07% per annum over a 3-year period.
Average weekly rents on listings have reached the $465 mark, reflecting a 3.94% increase in returns based on the current median price in TANAH MERAH.
An average of 9.5 real estate transactions take place per month in TANAH MERAH which translates to 114 per annum.
114 properties were sold in TANAH MERAH in 2016, making it the 1024th most active market in QLD based on total real estate transactions.
TANAH MERAH, 4128 places 323rd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||30.15%||60.84%|
|Median 3 years||36.22%||36.76%|
|Median 5 years||41.73%||39.71%|
|10 years average annual||5.11%||5.78%|
|Weekly media advert. rent||$465||$320|
|Time on Market||33.4 days||37.2 days|
|Gross Rental Yield Percent||3.94%||4.67%|