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%