Tanah Merah, 4128 ranked 608th in QLD when comparing growth in median property values or capital gain over the last 12 months. Tanah Merah is one of 2415 in our list for QLD
Over the longer term, Tanah Merah has seen property prices show investors a 14.53% return over the last 3 years. This is worse than over the last 12 months
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.21% offered to property buyers. Sellers in Tanah Merah itself are offering an average vendor discount of -4.38% to real estate investors.
Property value increases in Tanah Merah have tracked lower than the QLD average of 1.47% over the last 12 months.
Over the longer term, Tanah Merah has seen property prices show investors a 34.57% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Tanah Merah is offering property investors an average of -5.70. This rate of discount on properties puts Suburb at number 143th in terms of most discounted suburbs in QLD
On average over the past year, suburb has had 2.67 sales per month, which equates to 32 per year.
Advertised rents are around the $317.5 mark per week – giving a return of 6.06% based on the median price in Suburb