Merrimac

POSTAL CODE: QLD, 4226

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 33.01% 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 $1,060,750

The augmented property values in the suburb are trailing above the territorial average of 12.36% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $825.

Home owners selling their properties and realtors in MERRIMAC usually have to wait an average of 36.2 days days before their assets are lifted off the market.

The QLD suburb ranks 283rd on the list of best yielding suburbs for rental properties in QLD, posting a 4.04% return.

It also places places 259th in Australia based on median property value growth during the quarter.

A survey of average capital gains or median home price increase in suburbs across the country shows that MERRIMAC, 4226 obtained a 7.4% growth over a ten-year period. It ranks 416th on our list of suburbs that property investors should look into.

MERRIMAC, 4226 has a capital gain of -0.42% for the past year, which is lower than average compared to its 92.7% growth within a five-year period.

With the median home price in MERRIMAC sitting at $713,000, and the average rent at $825, property owners could potentially earn a 6.02% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in MERRIMAC are low, as opposed to average gains per annum over the past five years.

MERRIMAC, 4226 in QLD belongs to the local government area of Gold Coast.

Surburb overview

Merrimac, located in the central Gold Coast region of Queensland, is approximately 79 kilometres south of Brisbane CBD, with a driving time of around 1 hour and 30 minutes. The suburb is situated on floodplains and is part of the City of Gold Coast local government area.

According to the 2021 Census, Merrimac had a population of 7,212 people. The median age was 38 years, aligning with the national median. Approximately 47.1% of the population was male, and 52.9% were female. The suburb had a diverse age distribution, with 5.5% of the population aged 0–4 years and 7.6% aged 35–39 years.

Public transportation in Merrimac includes several bus routes, notably the 755 and 758 lines, which connect the suburb to surrounding areas. The nearest train station is Robina Station, providing access to the Gold Coast railway line. Authorities plan to open a new train station in Merrimac by 2025–2026, aiming to enhance connectivity to Brisbane and the broader Gold Coast.

Essential establishments in Merrimac encompass a range of amenities. Major shopping centres, including Robina Town Centre and Pacific Fair Shopping Centre, are conveniently located near the suburb and offer a diverse range of retail, dining, and entertainment options. Educational facilities include Merrimac State School and All Saints Anglican School, catering to primary and secondary students.

Amenities such as the Lakelands Golf Club and Palm Meadows Golf Course support recreational activities and attract golf enthusiasts from around the region. Parks like Stoner Family Park provide open green spaces suitable for leisure and outdoor activities.

Merrimac offers a blend of residential living with accessible amenities and a variety of recreational opportunities, reflecting its position within the dynamic Gold Coast region.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,060,750	$713,000
Growth Report
Median Quarterly	5.55%	0.07%
Median 12 month	14.06%	-0.42%
Median 3 years	33.01%	25.09%
Median 5 years	89.42%	92.7%
10 years average annual	8.73%	7.4%
Weekly media advert. rent	$825	$825
Time on Market	36.2 days	39.7 days
Gross Rental Yield Percent	4.04%	6.02%

Demographics (Median Values)*

Total Population 5691

Weekly Household Income 1018

Household Size 2.70

Average Age 33

Monthly Loan Repayment 1400

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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