If you compare the increase in value of investment property in Merrimac, 4226 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 1.73%.
Over the longer term, Merrimac has seen property prices show investors a 11.58% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Merrimac is $530000, with sellers offering an average of -4.93% off the asking price.
Using the current median advertised rental of $530 and the average annual increase in value of a median property of 2.76%, investors should hope to achieve an overall return of 5.20%
With a capital gain of -2.36% for the last 12 months, Merrimac, 4226 has performed for property investments than its average annual 2.32% property growth over the last 5 years.
Merrimac,4226 was ranked 996 in Australia by increase in median property value over the quarter.
Vendor discounting in Merrimac is giving property investors an average Vendor Discount of around -3.92%. This puts suburb at number 221th in QLD when ranking the most discounted suburbs.
At number 248 in a list of fastest selling suburbs, Merrimac is in the TOP 20% of suburbs in Australia with an average of days on market 59.6571 for properties listed there.
Situated 72.65km from the CBD, Merrimac is one of Gold Coast (C) localities in the postcode 4226.