At number 2597th in the list of Australian suburbs ordered by increase in median house value over the last year, Merrimac, 4226 is in the BOTTOM 40% with a property value increase of 2.17% recorded in median house prices.
If we look at median property appreciation over just the last three months, Merrimac has given property investors a paper return of 0.00%. This puts Suburb as 460 on a list of fastest fasting appreciating suburbs in QLD
LACK OF BUYER INTEREST may well be the reason that Merrimac is offering property investors an average of -7.21. This rate of discount on properties puts Suburb at number 803th in terms of most discounted suburbs in QLD
Using the current median advertised rental of $450 and the average annual increase in value of a median property of 3.58%, investors should hope to achieve an overall return of 4.98%
Merrimac, 4226 ranked 298th in QLD when comparing growth in median property values or capital gain over the last 12 months. Merrimac is one of 2415 in our list for QLD
A -17.68% growth in median value for property investors in Merrimac,4226 puts this suburb at number 329th in terms of best performing suburbs in QLD
Sellers are offering property buyers an average discount of -5.82% to buyers in Merrimac at the moment, which is less than average for the rest of QLD.
On average over the past year, suburb has had 8.58 sales per month, which equates to 103 per year.