QLD has seen average median house prices change by 2.51% which means that Merrimac, 4226 has done well for property investors by showing a capital gain of 9.81% over the last year
Merrimac,4226 has offered an average of 9.81% return per annum in house price rises to property investors over the last three years.
Merrimac4226 is located in QLD which offers an average discount of -7.21% to property investors. Merrimac itself is showing figures that indicate -3.86% is the average achievable by property buyers investing in the suburb.
Advertised rents are around the $470 mark per week – giving a return of 4.75% based on the median price in Suburb
At number 1571th in the list of Australian suburbs ordered by increase in median house value over the last year, Merrimac, 4226 is in the BOTTOM 10% with a property value increase of -9.95% recorded in median house prices.
A -19.66% growth in median value for property investors in Merrimac,4226 puts this suburb at number 149th in terms of best performing suburbs in QLD
LACK OF BUYER INTEREST may well be the reason that Merrimac is offering property investors an average of -6.05. This rate of discount on properties puts Suburb at number 219th in terms of most discounted suburbs in QLD
Residents and property investors in Merrimac have been waiting around 65.84 days to sell a property.
A $417.5 per week rent on the median house gives suburb investors a gross yield of circa 6.48%, without taking into account capital value appreciation, which has been averaging out at 4.09%.