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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

Showing 1 of 1 investment properties found in Merrimac on realestateinvestar.com.au

132/135 Lakelands Dr, Merrimac

$1,300,000

property pic

Sophisticated Lakeside Living with Golf Course Views

Immaculately presented, this three-bedroom residence is set within one of the Gold Coast's most exclusive gated communities, capturing sweeping views across the championship Lakelands Golf Course, tranquil lakes and glimpses of the city skyline. Light-filled interiors spanning 146m² flow ...

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3

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Unit

QLD 4226


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