Merrimac QLD 4226

Here you can find what you need to know about Merrimac, QLD, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$521k Median Sale Price (National Average $485k) 352nd In QLD
-0.67% Median Price Change (1 yr) (National Average 4.30%) 2387th In QLD
$540pw Median Rent (National Average $395) 137th In QLD
5.4% Median Gross Yield (National Average 4.24%) 216th In QLD
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Properties sold 68
Average discounting -4.84%
Average Days on Market 51
Stock on Market 18 for sale

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

Example Only
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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Merrimac, QLD National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Merrimac, QLD National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Merrimac, QLD National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Development Permits for Houses

Building permits are provided for council approved development applications. Where the available permits contain the type of development, date of submission, the date of approval, estimated build cost, estimated development area, builder and materials listed.

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Property Prices in Merrimac


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State Auction Clearance Rates - September 2019

Auctions Clearance rate
QLD 165 43%
ACT 49 65%
NSW 547 73%
NT 8 63%
SA 77 57%
TAS 3 0%
VIC 911 77%
WA 11 55%

Local Schools


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Suburb Information

Merrimac, QLD 4226

Part of: Gold Coast City - Albert Council No data available

The size of Merrimac is approximately 9 square kilometres. It has 25 parks covering nearly 3.7% of total area. The population of Merrimac in 2011 was 6,320 people. By 2016 the population was 7,097 showing a population growth of 12.3% in the area during that time. The predominant age group in Merrimac is 30-39 years. Households in Merrimac are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Merrimac work in a trades occupation. In 2011, 57.1% of the homes in Merrimac were owner-occupied compared with 50.8% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Merrimac

Demographic data provided
by Australian Bureau of Statistics


Market Trends for Merrimac   for Houses in last 12 months


There have been 68 Houses sold in Merrimac in the past 12 months with a median sale price of $521K, up -0.67% annually. It takes on average 51 days to sell with vendor discounting of -4.84%.

Streets in Merrimac


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Helena Valley WA, 6056 -14.92% $519,000 $470pw 4.7% View Suburb Profile
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