Property value increases in Tanah Merah have tracked higher than the QLD average of 2.44% over the last 12 months.
Across a shorter period, Tanah Merah, 4128 has seen a median price increase of 5.75% over the last quarter.
At number 507th of QLD’s most discounted properties, Tanah Merah is in the TOP 40% of the state/territory when listing in order of most discounted to least.
Residents and property investors in Tanah Merah have been waiting around 65.88 days to sell a property.
Using the current median advertised rental of $420 and the average annual increase in value of a median property of 3.35%, investors should hope to achieve an overall return of 4.75%
Property value increases in Tanah Merah have tracked just lower than the QLD average of 0.74% over the last 12 months.
While Tanah Merah,4128 ranked number 6th in QLD for increase in median house value (annualised) increase, it is ranked 293th over the last 5 years.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.08% offered to property buyers. Sellers in Tanah Merah itself are offering an average vendor discount of -5.05% to real estate investors.
Using the current median advertised rental of $300 and the average annual increase in value of a median property of 7.62%, investors should hope to achieve an overall return of 5.32%