With a capital gain of 5.54% for the last 12 months, Merrimac, 4226 has performed for property investments than its average annual 3.62% property growth over the last 5 years.
The five-year average increase in median property values for Merrimac,4226 has given property investors a potential capital gain of 25.32% across each of those five years.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.31% offered to property buyers. Sellers in Merrimac itself are offering an average vendor discount of -3.42% to real estate investors.
Residents and property investors in Merrimac have been waiting around 47.82 days to sell a property.
Advertised rents are around the $460 mark per week – giving a return of 4.83% based on the median price in Suburb
QLD has seen average median house prices change by 1.70% which means that Merrimac, 4226 has done well for property investors by showing a capital gain of -8.59% over the last year
Merrimac,4226 was ranked 934 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Merrimac are currently offering property investors an average price cut of -4.56% below the asking price at the moment.
On average over the past year, suburb has had 9.00 sales per month, which equates to 108 per year.
With the median price for a house in Merrimac being $330000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 6.30%