At number 1607th in the list of Australian suburbs ordered by increase in median house value over the last year, Merrimac, 4226 is in the top 40% with a property value increase of 9.26% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Merrimac,4226 has racked up an average of 9.26% over the period. This ranks it number 1718th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Merrimac should be aiming for at least -4.65% off the asking price, which is the average vendor discount being achieved at the moment.
A $470 per week rent on the median house gives suburb investors a gross yield of circa 4.71%, without taking into account capital value appreciation, which has been averaging out at 3.83%.
Merrimac is in the bottom 30% in QLD when comparing median price capital growth over the last year. Merrimac gave property investors a disappointing capital gain figure when compared to the rest of the state, with -5.08%.
A -16.95% growth in median value for property investors in Merrimac,4226 puts this suburb at number 88th in terms of best performing suburbs in QLD
Merrimac4226 is located in QLD which offers an average discount of -6.00% to property investors. Merrimac itself is showing figures that indicate -4.61% is the average achievable by property buyers investing in the suburb.
The QLD suburb of Merrimac, 4226 is in the Gold Coast local government area.