Suburb Profile Report for Tanah Merah QLD (4128)

Tanah Merah House: Median price $430,000, Annual capital growth 3.01%, Number of sales 83, Weekly median advertised rent $420

Tanah Merah Unit: Median price $293,000, Annual capital growth 6.83%, Number of sales 25, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

QLD has seen average median house prices change by 2.11% which means that Tanah Merah, 4128 has done well for property investors by showing a capital gain of 2.87% over the last year

Taking the average capital gain, or increase in median house value, Tanah Merah,4128 has racked up an average of 2.87% over the period. This ranks it number 1868th in the whole country for real estate investors looking at median house price increases.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.29% offered to property buyers. Sellers in Tanah Merah itself are offering an average vendor discount of -4.65% to real estate investors.

Property investors should expect to get $420 weekly from the median priced house in this suburb.

QLD has seen average median house prices change by 1.12% which means that Tanah Merah, 4128 has done well for property investors by showing a capital gain of -2.33% over the last year

Over the longer term, Tanah Merah has seen property prices show investors a 44.69% 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 -6.00. This rate of discount on properties puts Suburb at number 250th in terms of most discounted suburbs in QLD

Property investors should expect to get $300 weekly from the median priced house in this suburb.

HOUSE UNIT
$430,000 $293,000
4.75% 17.20%
2.87% -2.33%
3.01% 6.83%
$420 $300
83 25
5.08% 5.32%
67.96 98.72

Source: CoreLogic

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