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Investment Property Merrimac, QLD, 4226

Suburb Snapshot

Merrimac is a suburb in the Gold Coast Region of Queensland. Merrimac has a population of 7,069 people and 41.22% of its occupants live in rental accommodation. The median listing price for houses is $1,000,000 and this has changed 15.60% over the past year and changed 25.00% over 2 years.

The median rent in Merrimac for houses is $800 per week and the median rental yield is 4.16%. Stock on the market for houses/townhouses has changed -27.78% compared to last year and the average time to sell a house/townhouse is 57 days.The median listing price for units is $637,500 and this has changed 10.86% over the past year. The average unit takes 82 days to sell and the median rent for a unit in Merrimac is $650 per week, producing a rental yield of 5.30%.

Supply & Demand in Merrimac, Gold Coast

0.51%

Current vacancy rate


15

Rental stock available


7,069

Population


41.22%

Rental population


1.03%

Current vacancy rate


2,976

Rental stock available


555,721

Population


31.09%

Rental population


0.87%

Current vacancy rate


20,720

Rental stock available


4,703,187

Population


29.39%

Rental population


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Statistical data for Merrimac, Gold Coast

  House Townhouses Units
Median listing price $1,000,000 $719,000 $637,500
Median price change - last quarter 0.00% 2.71% 6.42%
Median price change - 1 year 15.60% 10.61% 10.86%
Median price change - 2 years 25.00% 19.83% 16.01%
  House Townhouses Units
Median weekly rent $800 $750 $650
Median yield % 4.16% 5.42% 5.30%
Median rent change - 1 year 4.57% 5.63% 8.33%
  House Units
Previous month sales 4 4
Stock on market previous month 13 20
Stock variance vs. last year -27.78% -16.67%
Average days on market 57 82

Merrimac investment property listings

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