Suburb Profile Report for Tanah Merah QLD (4128)

Tanah Merah House: Median price $432,500, Annual capital growth 3.12%, Number of sales 78, Weekly median advertised rent $420

Tanah Merah Unit: Median price $252,500, Annual capital growth 5.47%, Number of sales 24, Weekly median advertised rent $305

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Tanah Merah has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.04%

If we look at median property appreciation over just the last three months, Tanah Merah has given property investors a paper return of 4.22%. This puts Suburb as 107 on a list of fastest fasting appreciating suburbs in QLD

LACK OF BUYER INTEREST may well be the reason that Tanah Merah is offering property investors an average of -7.32. This rate of discount on properties puts Suburb at number 723th in terms of most discounted suburbs in QLD

Renters in Suburb are facing rents around $5040 per annum or $420 every week.

With a capital gain of -18.55% for the last 12 months, Tanah Merah, 4128 has performed for property investments than its average annual 5.47% property growth over the last 5 years.

Over the longer term, Tanah Merah has seen property prices show investors a 6.54% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of -4.69% to buyers in Tanah Merah at the moment, which is less than average for the rest of QLD.

The QLD suburb of Tanah Merah, 4128 is in the Logan local government area.

HOUSE UNIT
$432,500 $252,500
4.22% -8.18%
4.04% -18.55%
3.12% 5.47%
$420 $305
78 24
5.05% 6.28%
69.01 103.65

Source: CoreLogic

DSR Score for property investment : Above average (H), 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
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Recent sales & rentals