Merrimac is in the TOP 30% in QLD when comparing median price capital growth over the last year. Merrimac gave property investors a good capital gain figure when compared to the rest of the state, with 6.88%.
If we look at median property appreciation over just the last three months, Merrimac has given property investors a paper return of 5.19%. This puts Suburb as 87 on a list of fastest fasting appreciating suburbs in QLD
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Merrimac, 4226. Typically our figures indicate that -3.64% is being offered, which puts this QLD suburb at 3358th most discounted overall in Australia.
Using the current median advertised rental of $460 and the average annual increase in value of a median property of 3.84%, investors should hope to achieve an overall return of 4.81%
Over the last year, property investments in Merrimac, 4226 have given investors a capital gain of -8.08%. This compares very badly with the 0.77% for QLD as a whole.
Comparing Merrimac,4226 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
At number 133th of QLD’s most discounted properties, Merrimac is in the middle of the state/territory when listing in order of most discounted to least.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 6.30%, without taking into account capital value appreciation, which has been averaging out at 3.97%.