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VIP Market Report - Merrimac April 2020

Page 1

Suburb Repor t Mer rimac QLD 4226


Merrimac QLD 4226

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.

House Current Median

$523,500

The predominant age group in Merrimac is 30-39 years.

Unit

Households in Merrimac are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments.

Current Median

$350,000

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.

# Listings last 12 month

54


Recent Activit y Total sales last 12 months

163

Why is recent activity important to me? Recent sales activity provides insight into the current market condition. Many more sales than listings may indicate an undersupplied market, while conversely, more listings could indicate an over-supplied market with buyers in the driving seat.


Recent Sales HOUSE 4 BED 2 BATH 2 CAR 6 FELIX COURT MERRIMAC QLD 4226

$595,000

UNIT

23/03/20

3 BED 2 BATH 1 CAR 18 BOURTON ROAD MERRIMAC QLD 4226

$382,000 13/03/20

HOUSE 3 BED 3 BATH 1 CAR 31 WILLUNGA PLACE MERRIMAC QLD 4226

$560,000 06/03/20

UNIT 3 BED 2 BATH 2 CAR 283/135 LAKELANDS DRIVE MERRIMAC QLD 4226

$550,000

HOUSE

19/02/20

3 BED 1 BATH 2 CAR 3 MEADOW WAY COURT MERRIMAC QLD 4226

$459,000 25/02/20

HOUSE 3 BED 1 BATH 1 CAR 27 CABOT COURT MERRIMAC QLD 4226

$510,000 18/02/20


UNIT 3 BED 2 BATH 1 CAR 37/18 BOURTON ROAD MERRIMAC QLD 4226

$370,000

HOUSE 3 BED 2 BATH 1 CAR 34 KINGARRY CIRCUIT MERRIMAC QLD 4226

30/01/20

$460,000 31/01/20

HOUSE 4 BED 2 BATH 2 CAR 9 TALGAI PLACE MERRIMAC QLD 4226

$565,000 13/02/20

UNIT 3 BED 1 BATH 1 CAR 15/8 GOODING DRIVE MERRIMAC QLD 4226 HOUSE 5 BED 2 BATH 2 CAR 3 INLET COURT MERRIMAC QLD 4226

$552,500 03/02/20

HOUSE 4 BED 3 BATH 2 CAR 21 COLONSAY CRESCENT MERRIMAC QLD 4226

$705,000 03/02/20

$294,000 03/02/20


Recent Listings UNIT 2 BED 2 BATH 2 CAR 6303/31 BOURTON ROAD MERRIMAC QLD 4226

$433,500

HOUSE 3 BED 2 BATH 2 CAR 37 MERRIDOWN DRIVE MERRIMAC QLD 4226 HOUSE

$649,000

3 BED 2 BATH 2 CAR 47 HIGHFIELD DRIVE MERRIMAC QLD 4226

OFFERS ABOVE $495,000

UNIT 2 BED 1 BATH 1 CAR 2/22 CABOT COURT MERRIMAC QLD 4226

$359,000

HOUSE 3 BED 2 BATH 7 CAR 10 RUSHTON COURT MERRIMAC QLD 4226

$569,000

HOUSE 3 BED 2 BATH 2 CAR 105 KINGARRY CIRCUIT MERRIMAC QLD 4226

OFFERS OVER $519,000


Rental Statistics

Median Rental Price

Rental Yield

Number of Rentals

$530 /w

5.56%

83

Median Weekly Rent Trends


LJ HOOKER NERANG

nerang@ljhgc.com.au 2-4 New Street Nerang

Prepared on 20 Apr 2020 by LJ Hooker Nerang Sales results and median prices are based on the latest statistical period available (1 Feb - 31 Jan 2020). Š 2020 Copyright RP Data Pty Limited, Local, State, Commonwealth Govt. All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials at this site is permitted. The information provided is deemed reliable but not guaranteed. Based on or contains data provided by the State of Queensland (Department of Natural Resources and Mines) 2020. In consideration of the State permitting use of this data you acknowledge and agree that the State gives no warranty in relation to the data (including accuracy, reliability, completeness, currency or suitability) and accepts no liability (including without limitation, liability in negligence) for any loss, damage or costs (including consequential damage) relating to any use of the data. Data must not be used for direct marketing or be used in breach of the privacy laws.


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