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VIP Market Report Jan 2020 - Merrimac

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. 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.

House

Current Median

$530,000 Unit

Current Median

$350,000 # Listings last month

57


Recent Activit y Total sales last 12 months

158

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 UNIT 3 BED 2 BATH 2 CAR 107/8 GHILGAI ROAD MERRIMAC QLD 4226

$327,500

HOUSE

02/01/20

3 BED 1 BATH 1 CAR 4 HIGHFIELD DRIVE MERRIMAC QLD 4226

$480,000 15/12/19

UNIT 3 BED 2 BATH 2 CAR 20/2-6 GHILGAI ROAD MERRIMAC QLD 4226

$330,000 10/12/19

HOUSE 3 BED 2 BATH 1 CAR 93/8 GHILGAI ROAD MERRIMAC QLD 4226

$350,000

UNIT

05/12/19

3 BED 2 BATH 1 CAR 57/2-6 GHILGAI ROAD MERRIMAC QLD 4226

$376,000 05/12/19

HOUSE 4 BED 2 BATH 2 CAR 23 TERRACE COURT MERRIMAC QLD 4226

$500,000 02/12/19


UNIT 3 BED 2 BATH 1 CAR 7/83-89 HIGHFIELD DRIVE MERRIMAC QLD 4226

$355,000

HOUSE 3 BED 2 BATH 1 CAR 16/14 BOURTON ROAD MERRIMAC QLD 4226

26/11/19

$320,000 26/11/19

UNIT 3 BED 2 BATH 2 CAR 11/3-7 RED ASH COURT MERRIMAC QLD 4226

$310,000 28/11/19

UNIT 3 BED 2 BATH 2 CAR 49/2-6 GHILGAI ROAD MERRIMAC QLD 4226 HOUSE 3 BED 2 BATH 1 CAR 2-6 GHILGAI ROAD MERRIMAC QLD 4226

$365,000 26/11/19

UNIT 3 BED 2 BATH 3 CAR 134/135 LAKELANDS DRIVE MERRIMAC QLD 4226

$860,000 25/11/19

$325,000 25/11/19


Recent Listings UNIT 3 BED 3 BATH 3 CAR 2 BOURTON ROAD MERRIMAC QLD 4226

$448,000

UNIT 3 BED 2 BATH 2 CAR 182/135 LAKELANDS DRIVE MERRIMAC QLD 4226 HOUSE

NOW PRICED AT OFFERS OVER

3 BED 2 BATH 2 CAR 2/1 RUSHTON COURT MERRIMAC QLD 4226

OFFERS OVER $459,000

HOUSE 5 BED 2 BATH 2 CAR 91 HIGHFIELD DRIVE MERRIMAC QLD 4226

OFFERS OVER $599,000

HOUSE 3 BED 2 BATH 6 CAR 73 MACADIE WAY MERRIMAC QLD 4226

OFFERS OVER $3,000,000

HOUSE 4 BED 2 BATH 2 CAR 37 PETHERBRIDGE AVENUE MERRIMAC QLD 4226

CONTACT AGENT


Rental Statistics

Median Rental Price

Rental Yield

Number of Rentals

$550 /w

5.79%

95

Median Weekly Rent Trends


LJ HOOKER NERANG 07 5581 4422 nerang@ljh.com.au 2-4 New Street Nerang

Prepared on 7 Jan 2020 by LJ Hooker Nerang Sales results and median prices are based on the latest statistical period available (1 Oct - 30 Sep 2019). Š 2019 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. Š The State of Queensland (Department of Environment and Resource Management) 2012. Based on data provided with the permission of the Department of Natural Resources and Mines: [QVAS 2012)]. The Department of Environment and Resource Management makes no representations or warranties about accuracy, reliability, completeness or suitability of the data for any particular purpose and disclaims all responsibility and all liability (including without limitation, liability in negligence) for all expenses, losses and damages (including indirect or consequential damage) and costs which might be incurred as a result of the data being inaccurate or incomplete in any way and for any reason.


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