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.

Merrimac Real Estate Market Outlook

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.

Houses for sale Merrimac

	UNIT 4, 2-6 GHILGAI RD, MERRIMAC, QLD, 4226	3	2	2	Offer Over $720,000
	UNIT 23, 84 HIGHFIELD DR, MERRIMAC, QLD, 4226	2	1	2	ALL OFFERS CONSIDERED
	UNIT 123, 135 LAKELANDS DR, MERRIMAC, QLD, 4226	3	2	2	850000
	UNIT 79, MERRIMAC HEIGHTS, 6-10 BOURTON RD, MERRIMAC, QLD, 4226	3	2	1	600000

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General Points of Interest

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