Fraud Blocker

Merrimac, QLD 4226

Home » QLD Real Estate Data » Gold Coast City, QLD » Merrimac, QLD 4226

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Merrimac, QLD 4226 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Merrimac, QLD 4226”

  1. The total adult population (15 years or older) of Merrimac 4226 QLD is 5,850, with a median age of 38. Of those, 40.19% are married, 16.84% are divorced or separated, 36.97% are single and 5.93% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $7,564. The median monthly mortgage repayment for households in this suburb is $1,733 which is 22.91% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the sunny state of Queensland, the vibrant suburb of Merrimac 4226 is home to an estimated 3,089 households. Filled with modern conveniences, it offers a pleasant mix of lifestyle and investment opportunities. As of the third quarter of 2023, typical house prices in Merrimac sits at $941,828. An attractive median weekly rent of $781 encapsulates a promising indicative yield of 4.31%, a figure substantially above the 3% benchmark that cashflow-centered property investors often aspire to hit.

    Let’s delve into the sociodynamics of the suburb. Merrimac sports an IRSAD score of 986, which is out of a maximum value of 1217. This reflects strong socio-economic conditions with access to numerous economic resources. However, with a renter to owner ratio falling slightly above the optimal range at 34%, investors might observe a marginally heightened saturation of rental properties within the suburb.

    In terms of property type distribution, the suburb hosts a favourable low ratio of units to houses at 19%, making it an ideal location for families seeking more spacious dwellings that foster longer tenancy periods. However, potential homeowners may prefer to rent due to the higher affordability index in Merrimac, sitting at a formidable 49 years, indicating a somewhat stretched duration for an average family to fully own a property.

    Turning to supply indicators, the suburb presents a favourable picture with a low stock on market Percentage of 0.42%, suggesting a low supply. This is mirrored by a positive inventory level of just 1.11 months. The building approvals Ratio, a reflection of the suburb’s willingness to accommodate newer residential dwellings, is relatively moderate at 0.51%.

    Demand indicators depict an active property market, with houses spending up to 50 days on the market. This indicates moderate demand. The vacancy rate is also within the optimal range, standing at 1.04%, suggesting a promising rental market with high occupancy levels. Lastly, the buy search index sits at a comfortable neutral range of 4, reflecting a healthy interest from potential buyers.

    Overall, Merrimac 4226 in QLD displays a mix of characteristics, with a majority trending towards a favourable direction. However, as always, investors are encouraged to take into account their individual investment strategies and to consider the broader market trends. In any scenario, a comprehensive assessment of property market statistics, such as the above, will always aid in making informed and profitable investment decisions.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

Leave a comment