QLD has seen average median house prices change by 2.38% which means that Merrimac, 4226 has done well for property investors by showing a capital gain of 6.38% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Merrimac comes in at number 162th in QLD.
Merrimac4226 is located in QLD which offers an average discount of -7.24% to property investors. Merrimac itself is showing figures that indicate -3.87% is the average achievable by property buyers investing in the suburb.
Property investors should expect to get $465 weekly from the median priced house in this suburb.
If you compare the increase in value of investment property in Merrimac, 4226 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -8.72%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Merrimac has fallen somewhat when compared to the 5 year average annual rate.
The most recent median price for Merrimac is $335000, with sellers offering an average of -4.71% off the asking price.
Residents and property investors in Merrimac have been waiting around 66.43 days to sell a property.
Property investors should expect to get $417.5 weekly from the median priced house in this suburb.