Local Market Report for Merrimac - August 2019

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Merrimac Suburb Report Brought to you by Sarah O’Dwyer 0428 028 885

sodwyer.nerang@ljh.com.au

nerang.ljhooker.com.au

What’s happening in your local market At LJ Hooker Nerang our goal is to provide you with the information you need to make confident decisions about property - whether you are buying, selling, investing or renting. We have created this report which details local market conditions and how property is performing in your area which at times can be very different to the combined performance of the capital cities.

Suburb Snapshot

On the western fringe of the Gold Coast, Merrimac’s properties for sale have been harder to come by over the past 12 months.

Real Estate Investar’s figures show that since the corresponding period last year, the number of properties on the market in Merrimac has dipped by nearly a quarter.

Houses

Units

76

93

Median Sale Price

$516,500

$356,000

Total New Listings

85

106

Number Sold

Average Days On Market

Has your home’s value grown?

This fall in stock could come down to two things: either buyers have taken notice of market movements and have looked to swoop in, or There’s no better time toand getreap a market update from vendors have become content to sit capital growth.

WIN* 60.28

70.72

over a rolling 12-month period

every day this

LJ Hooker.

You’ll get a great idea of your property’s potential, and we’re The median house price in Merrimac currently sits at a relatively giving away $1,000 cash every day this Spring. Plus, when you affordable $470,000 and has shown good signs of growth in recent list your property exclusively through us, you could win your sales times, increasing by 24% in the past three years. commission^ back. Now that’s LJ Hooker value for you.

Units in the suburb haven’t been performing as well, though: their find out medianVisit price win.ljhooker.com.au has gone backwards by 16%to in the past fivemore. years. *Terms and conditions apply visit win.ljhooker.com.au. ^Commission to thecan value of $15,000.

The differing performance of houses and units also beAuthorised seen inunder permit numbers NSW LTPS/17/17070, ACT TP 17/01556, SA T17/1472. © LJ Hooker Corporation Limited. BLSO0359. . their time on market, with houses taking 45 days to sell, and units 90.

Sell Better.

Know what your property is worth in today’s market.

When it comes to selling property, you want a team who have a wealth of experience in Ask thewith team at LJ Hooker working properties that areNerang. as unique as you are.

Sarah has been working in Real Estate with the L J Hooker brand for 10 years and has become very well known in the industry as a trusted and result driven agent.

(07) 5581 4422

With many awards to her name, Sarah attained the prestigious membership in to LJ nerang@ljh.com.au Hooker Captain’s Club and has also reached the Multi-Million Dollar Chapter, representing the top 7% of all LJ Hooker agents internationally. nerang.ljhooker.com.au Drop by and visit us at our new office: Her philosophy is based on high quality marketing, expert knowledge, strong 2-4 New Street, Nerang. interpersonal skills and her highly professional approach.

Nerang

Sarah O’Dwyer

0428 028 885

sodwyer.nerang@ljh.com.au

Data for this report is provided by CoreLogic RP Data. In compiling this publication, CoreLogic has relied upon information supplied by a number of external sources.

CoreLogic does not warrant its accuracy or completeness and to the full extent allowed by law excludes liability in contract, tort or otherwise, for any loss or damage sustained by subscribers, or by any other person or body corporate arising from or in connection with the supply or use of the whole or any part of the information in this publication through any cause whatsoever and limits any liability it may have to the amount paid to CoreLogic for the supply of such information. This data is provided as general information only and is not intended as inancial advice. For our complete terms and conditions of use, go to www.corelogic.com.au