Suburb Profile Report for Tanah Merah QLD (4128)

Tanah Merah House: Median price $437,500, Annual capital growth 3.03%, Number of sales 79, Weekly median advertised rent $420

Tanah Merah Unit: Median price $250,000, Annual capital growth 5.64%, Number of sales 21, Weekly median advertised rent $300

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Tanah Merah is an average performer in QLD when comparing median price capital growth over the last year. Tanah Merah gave property investors a good capital gain figure when compared to the rest of the state, with 4.54%.

Tanah Merah,4128 was ranked 2172 in Australia by increase in median property value over the quarter.

Tanah Merah4128 is located in QLD which offers an average discount of -7.21% to property investors. Tanah Merah itself is showing figures that indicate -4.36% is the average achievable by property buyers investing in the suburb.

Often selling an investment property can take time, and in Tanah Merah the average time real estate has been on the market is 63.27 days.

Advertised rents are around the $420 mark per week – giving a return of 4.99% based on the median price in Suburb

QLD has seen average median house prices change by 0.65% which means that Tanah Merah, 4128 has done well for property investors by showing a capital gain of -18.03% over the last year

Across a shorter period, Tanah Merah, 4128 has seen a median price increase of -8.76% over the last quarter.

Vendor discounting in Tanah Merah is giving property investors an average Vendor Discount of around -4.62%. This puts suburb at number 237th in QLD when ranking the most discounted suburbs.

With the median price for a house in Tanah Merah being $250000 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 6.24%

Metrics i HOUSE UNIT
$437,500 $250,000
1.16% -8.76%
4.54% -18.03%
3.03% 5.64%
$420 $300
79 21
4.99% 6.24%
63.27 77

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
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Demographics
Total population 4608
Median household income ($/weekly) 1526
Median age of persons 33
Median housing loan repayment ($/monthly) 1950
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 622 13.5
    25-34 years 739 16.0
    35-44 years 694 15.1
    45-54 years 572 12.4
    55-64 years 507 11.0
    Others 1473 32.0
    Age Group
    Census Count Percent(%)
    Registered Married 1716 50.9
    Not Married 1237 36.7
    Defacto Relationship 417 12.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 3187 72.2
    Papua New Guinea 379 8.6
    South Africa 53 1.2
    United Kingdom 266 6.0
    Other 179 4.1
    Others 349 7.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 58 1.4
    Christianity 2920 69.8
    Islam 102 2.4
    Other Religious Groups 25 0.6
    No Religion 1061 25.4
    Others 18 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 144 10.2
    $1,250-$1,499 130 9.2
    $1,500-$1,999 262 18.6
    $2,000-$2,499 207 14.7
    $2,500-$2,999 121 8.6
    Others 545 38.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1574 46.0
    Not in the labour force 883 25.8
    Employed, worked part-time 666 19.5
    Employed, away from work 148 4.3
    Unemployed, looking for work 148 4.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 251 10.5
    Professionals 377 15.8
    Technicians & trades workers 434 18.2
    Clerical & administrative workers 409 17.1
    Sales 251 10.5
    Others 663 27.8
    Occupation
    Census Count Percent(%)
    Pre-school 67 6.4
    Infants/Primary 446 42.6
    Secondary 280 26.7
    Technical or Further Educational Institution 83 7.9
    University or other Tertiary Institutions 142 13.6
    Others 29 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4057 91.3
    Semi-detached, row or terrace house, townhouse 323 7.3
    Caravan, cabin, houseboat 53 1.2
    Flat, unit or apartment 10 0.2
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 810 52.5
    Rented 403 26.1
    Fully owned 325 21.0
    Other tenure type 6 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals