QLD has seen average median house prices change by 12.16% which means that Merrimac, 4226 has done well for property investors by showing a capital gain of 19.92% over the last year
Over the longer term, Merrimac has seen property prices show investors a 20.38% return over the last 3 years. This is worse than over the last 12 months
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.90% offered to property buyers. Sellers in Merrimac itself are offering an average vendor discount of -2.44% to real estate investors.
Renters in Suburb are facing rents around $28600 per annum or $550 every week.
Over the last year, property investments in Merrimac, 4226 have given investors a capital gain of 11.41%. This compares favourably with the 8.71% for QLD as a whole.
Merrimac,4226 was ranked 663 in Australia by increase in median property value over the quarter.
Merrimac, 4226 is offering QLD ‘s 56th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this QLD.
Situated 72.74km from the CBD, Merrimac is one of Gold Coast (C) localities in the postcode 4226.