VIP Market Report for Merrimac - October 2020

Suburb Repor t Merrimac 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.

House Current Median

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.

$525,000

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.

Unit Current Median

$377,000 # Listings last 12 month

42

Recent Ac tivit y Total sales last 12 months

164

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 3 BED 2 BATH 5 CAR 6 OAKLYN PLACE MERRIMAC QLD 4226

$535,000

HOUSE

04/10/20

4 BED 2 BATH 2 CAR 47 LAKELANDS DRIVE MERRIMAC QLD 4226

$915,000 28/09/20

HOUSE 3 BED 2 BATH 3 CAR 10 RACHELLE COURT MERRIMAC QLD 4226

$540,000 25/09/20

HOUSE 3 BED 2 BATH 2 CAR 84 INWOOD CIRCUIT MERRIMAC QLD 4226

$500,000

HOUSE

17/09/20

3 BED 2 BATH 1 CAR 13 WILLUNGA PLACE MERRIMAC QLD 4226

$508,000 21/09/20

HOUSE 2 BED 1 BATH 1 CAR 2/20 CABOT COURT MERRIMAC QLD 4226

$342,500 16/09/20

HOUSE 3 BED 2 BATH 2 CAR UNIT

9 CHILTON STREET MERRIMAC QLD 4226

3 BED 1 BATH 1 CAR

$545,000

134/6-10 BOURTON ROAD MERRIMAC QLD 4226

06/09/20

$335,000 09/09/20

HOUSE 3 BED 2 BATH 6 CAR 7 TALGAI PLACE MERRIMAC QLD 4226

$660,000 10/09/20

HOUSE 4 BED 2 BATH 2 CAR 16 PETHERBRIDGE AVENUE MERRIMAC QLD 4226 UNIT 3 BED 2 BATH 0 CAR 4/3 RUSHTON COURT MERRIMAC QLD 4226

$470,000 28/08/20

UNIT 3 BED 1 BATH 2 CAR 38/14 BOURTON ROAD MERRIMAC QLD 4226

$340,000 25/08/20

$520,000 26/08/20

Recent Listings UNIT 1 BED 1 BATH CAR 205/5 BOURTON ROAD MERRIMAC QLD 4226

OFFERS OVER $125,000

UNIT 3 BED 1 BATH 1 CAR 119/6-10 BOURTON ROAD MERRIMAC QLD 4226 HOUSE

CONTACT AGENT

4 BED 2 BATH 2 CAR 23 TOBERMORY COURT MERRIMAC QLD 4226

AUCTION

HOUSE 4 BED 2 BATH 4 CAR 6 SUNNYBRAE CLOSE MERRIMAC QLD 4226

$615,000 PLUS BUYERS

LAND BED BATH CAR 25 NICKLAUS COURT MERRIMAC QLD 4226

CONTACT AGENT

HOUSE 4 BED 2 BATH 2 CAR 54 MERRILAINE CRESCENT MERRIMAC QLD 4226

UNDER CONTCT

Rental Statistics

Median Rental Price

Rental Yield

Number of Rentals

$500 /w

5.32%

68

Median Weekly Rent Trends

LJ HOOKER NERANG

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

Prepared on 12 Oct 2020 by LJ Hooker Nerang Sales results and median prices are based on the latest statistical period available (1 Jul - 30 Jun 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.