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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 11.23% over the past year and changed 21.28% over 2 years.

The median rent in Merrimac for houses is $810 per week and the median rental yield is 4.21%. Stock on the market for houses/townhouses has changed 41.67% compared to last year and the average time to sell a house/townhouse is 55 days.The median listing price for units is $655,000 and this has changed 13.51% over the past year. The average unit takes 85 days to sell and the median rent for a unit in Merrimac is $650 per week, producing a rental yield of 5.16%.

Supply & Demand in Merrimac, Gold Coast

0.54%

Current vacancy rate


16

Rental stock available


7,069

Population


41.22%

Rental population


1.08%

Current vacancy rate


3,118

Rental stock available


555,721

Population


31.09%

Rental population


0.87%

Current vacancy rate


20,766

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 $749,000 $655,000
Median price change - last quarter 0.00% 2.71% 6.42%
Median price change - 1 year 11.23% 15.23% 13.51%
Median price change - 2 years 21.28% 25.04% 23.58%
  House Townhouses Units
Median weekly rent $810 $750 $650
Median yield % 4.21% 5.20% 5.16%
Median rent change - 1 year 3.84% 6.38% 8.33%
  House Units
Previous month sales 4 2
Stock on market previous month 17 23
Stock variance vs. last year 41.67% -20.69%
Average days on market 55 85

Merrimac investment property listings

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