Over the last year, property investments in Merrimac, 4226 have given investors a capital gain of 10.74%. This compares very favourably with the 2.39% for QLD as a whole.
The five-year average increase in median property values for Merrimac,4226 has given property investors a potential capital gain of 36.97% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Merrimac is offering property investors an average of -7.16. This rate of discount on properties puts Suburb at number 775th in terms of most discounted suburbs in QLD
At number 920 in a list of fastest selling suburbs, Merrimac is in the TOP 30% of suburbs in Australia with an average of days on market 58.16 for properties listed there.
Using the current median advertised rental of $470 and the average annual increase in value of a median property of 4.12%, investors should hope to achieve an overall return of 4.70%
At number 1549th in the list of Australian suburbs ordered by increase in median house value over the last year, Merrimac, 4226 is in the BOTTOM 20% with a property value increase of -9.95% recorded in median house prices.
Across a shorter period, Merrimac, 4226 has seen a median price increase of 0.00% over the last quarter.
Vendor discounting in Merrimac is giving property investors an average Vendor Discount of around -4.65%. This puts suburb at number 233th in QLD when ranking the most discounted suburbs.
Advertised rents are around the $430 mark per week – giving a return of 6.67% based on the median price in Suburb