Property value increases in Merrimac have tracked just higher than the QLD average of 2.06% over the last 12 months.
Merrimac,4226 was ranked 2462 in Australia by increase in median property value over the quarter.
Merrimac4226 is located in QLD which offers an average discount of -7.32% to property investors. Merrimac itself is showing figures that indicate -3.71% is the average achievable by property buyers investing in the suburb.
Advertised rents are around the $460 mark per week – giving a return of 4.81% based on the median price in Suburb
Merrimac is in the bottom 20% in QLD when comparing median price capital growth over the last year. Merrimac gave property investors a dismal capital gain figure when compared to the rest of the state, with -9.09%.
Over the longer term, Merrimac has seen property prices show investors a -13.50% return over the last 3 years. This is an improvement over the last 12 months
Property investors looking for a bargain in Merrimac should be aiming for at least -4.44% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Merrimac have been waiting around 65.12 days to sell a property.
Merrimac, 4226’s gross rental yield is 6.54%