If you compare the increase in value of investment property in Tanah Merah, 4128 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -0.48%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Tanah Merah has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Tanah Merah are currently offering property investors an average price cut of -5.07% below the asking price at the moment.
Tanah Merah is 199th on a list of best yielding suburbs for rents in QLD with a 5.24% return
Tanah Merah, 4128 ranked 259th in QLD when comparing growth in median property values or capital gain over the last 12 months. Tanah Merah is one of 2415 in our list for QLD
If we look at median property appreciation over just the last three months, Tanah Merah has given property investors a paper return of 17.20%. This puts Suburb as 8 on a list of fastest fasting appreciating suburbs in QLD
Property investors looking for a bargain in Tanah Merah should be aiming for at least -4.92% off the asking price, which is the average vendor discount being achieved at the moment.
At number 1118 in a list of fastest selling suburbs, Tanah Merah is in the bottom 30% of suburbs in Australia with an average of days on market 99.16 for properties listed there.
Using the current median advertised rental of $300 and the average annual increase in value of a median property of 7.76%, investors should hope to achieve an overall return of 5.32%