Suburb Profile Report for Tanah Merah QLD (4128)

Tanah Merah House: Median price $447,000, Annual capital growth 3.18%, Number of sales 76, Weekly median advertised rent $420

Tanah Merah Unit: Median price $250,000, Annual capital growth 5.85%, Number of sales 16, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 1470th in the list of Australian suburbs ordered by increase in median house value over the last year, Tanah Merah, 4128 is in the top 40% with a property value increase of 8.76% recorded in median house prices.

Comparing Tanah Merah,4128 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Our latest figures would indicate that property sellers in Tanah Merah are currently offering property investors an average price cut of -4.17% below the asking price at the moment.

Tanah Merah is 309th on a list of best yielding suburbs for rents in QLD with a 4.89% return

Property investors who have had real estate in Tanah Merah, 4128 should be unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -18.03%

The five-year average increase in median property values for Tanah Merah,4128 has given property investors a potential capital gain of -30.56% across each of those five years.

Property investors looking for a bargain in Tanah Merah should be aiming for at least -6.10% off the asking price, which is the average vendor discount being achieved at the moment.

Renters in Suburb are facing rents around $3600 per annum or $300 every week.

Metrics i HOUSE UNIT
$447,000 $250,000
2.76% -0.99%
8.76% -18.03%
3.18% 5.85%
$420 $300
76 16
4.89% 6.24%
67.07 70.72

Source: CoreLogic

DSR Score for property investment : Very 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
Chart Table
Recent sales & rentals