Suburb Profile Report for Tanah Merah QLD (4128)

Tanah Merah House: Median price $460,000, Annual capital growth 3.35%, Number of sales 78, Weekly median advertised rent $420

Tanah Merah Unit: Median price $293,000, Annual capital growth 7.62%, Number of sales 17, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$460,000 $293,000
5.75% 14.90%
12.20% -2.90%
3.35% 7.62%
$420 $300
78 17
4.75% 5.32%
65.88 55.7

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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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