Thinking about buying in Merrimac? Now could not be a better time, with 3903 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $743,000 with prices in this suburb ranging from $110,000 to $4,578,000. Merrimac is located fairly close to the coast at just 4Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
Median Weekly Rent | $539.44 |
Median Monthly Mortgage | $1973.24 |
Median Persons Per Bedroom | 0.79 |
Average Household Size | 2.68 |
Average Age | 43.88 |
Average Income | $768.40 |
Average Cars Per Dwelling | 1.90 |
Average Properties Within 50M | 32 |
1 Bed  $240,000 |
2 Bed  $616,000 |
3 Bed  $849,000 |
4 Bed  $1,124,000 |
5 Bed  $1,450,000 |
6 Bed+$1,267,000 |
Consistent high demand relative to supply is a key feature in Merrimac driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Low average incomes in Merrimac is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Merrimac changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Medium density in Merrimac necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
unit 44, ponte verdes, 120 highfield dr, merrimac, qld, 4226 | 3 | 2 | 1 | Offers over $730,000 | |
unit 46, tudor rose court, 8 gooding dr, merrimac, qld, 4226 | 2 | 1 | 1 | OFFERS OVER $629,000 | |
23 nicklaus ct, merrimac, qld, 4226 | 5 | 5 | 5 | Contact Agent | |
unit 38, 79 macadie way, merrimac, qld, 4226 | 4 | 2 | 1 | Contact Agent | |
unit 123, 135 lakelands dr, merrimac, qld, 4226 | 3 | 2 | 2 | 850000 | |
unit 35, tudor rose court, 8 gooding dr, merrimac, qld, 4226 | 3 | 1 | 2 | 660000 | |
unit 13, 17 entry dr, merrimac, qld, 4226 | 3 | 2 | 2 | Offers Over $795,000 | |
unit 4, 17 entry dr, merrimac, qld, 4226 | 3 | 2 | 2 | Offers Over $795,000 | |
20 colonsay cr, merrimac, qld, 4226 | 3 | 2 | 1 | Offers Over $1,050,000 |
Merrimac State School
All Saints Anglican School
St Michael's College
Robina State High School
Mudgeeraba Special School
Mudgeeraba State School
St Vincent's Primary School
Robina State School
(While the above schools are located with the suburb of Merrimac there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Nov | 1.4 | 19.2 | 27.4 | 54.3 | 89.0 | 5.4 | 27.5 |
Dec | 5.6 | 20.9 | 28.4 | 60.5 | 91.9 | 5.5 | 25.3 |
Jan | 5 | 22.0 | 29.2 | 61.1 | 90.6 | 6.1 | 24.6 |
Feb | 8.3 | 21.7 | 29.0 | 63.2 | 90.9 | 6.3 | 21.9 |
Mar | 7.5 | 21.0 | 28.2 | 61.2 | 90.6 | 6.2 | 18.2 |
Apr | 4.3 | 18.2 | 26.4 | 56.5 | 90.6 | 5.5 | 16.7 |
May | 2.1 | 15.0 | 23.5 | 53.8 | 87.4 | 4.7 | 13.8 |
Jun | 2.7 | 12.9 | 21.5 | 52.1 | 87.8 | 4.7 | 11.9 |
Jul | 2.2 | 12.1 | 21.3 | 48.5 | 88.0 | 4.7 | 13.2 |
Aug | 0.5 | 12.2 | 22.9 | 40.2 | 86.1 | 4.4 | 16.4 |
Sept | 0.9 | 14.8 | 24.6 | 45.3 | 85.5 | 5.0 | 21.1 |
Oct | 1.8 | 17.1 | 25.7 | 56.7 | 92.2 | 5.9 | 22.4 |
source: Australian Government Bureau of Meteorology
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