Capital cities to see busiest auction week since April
With over 1,500 homes scheduled to go under the hammer, the combined capital city auction market is set to see its busiest week since early ...
A steady increase in median property prices over a five-year period in the suburb translates to a 1.84% capital gain.
It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $525,000
The augmented property values in the suburb are trailing behind the territorial average of 2.75% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $500.
Home owners selling their properties and realtors in MERRIMAC usually have to wait an average of 49.4 days days before their assets are lifted off the market.
The QLD suburb ranks 322nd on the list of best yielding suburbs for rental properties in QLD, posting a 4.95% return.
It also places places 585th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $525,000 | $370,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.76% | -1.6% |
| Median 12 month | -0.94% | 3.35% |
| Median 3 years | 1.84% | 8.82% |
| Median 5 years | 13.51% | 4.23% |
| 10 years average annual | 2.36% | -0.52% |
| Weekly media advert. rent | $500 | $410 |
| Time on Market | 49.4 days | 89.8 days |
| Gross Rental Yield Percent | 4.95% | 5.76% |
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