Merrimac at a glance
7,423
People
$1,388,000
Median sale
$825/wk
Median rent
3.09%
Suburb gross yield
Median sale from 10 recorded sales (last 12 months) — a Districts calculation.
$870,000
Last sold
24 Feb 2023
4
Bedrooms
2
Bathrooms
4
Car spaces
433 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$870,000
24 Feb 2023 · derived via latest_sale
Local land rate: recorded House sales in Merrimac (last 5 years) with land size have a median of $1,983/m² of land (n=38). Districts calculation from recorded sales — not a valuation.
Merrimac at a glance
7,423
People
$1,388,000
Median sale
$825/wk
Median rent
3.09%
Suburb gross yield
Median sale from 10 recorded sales (last 12 months) — a Districts calculation.
Vs Merrimac
-37.3%
Median sale
Suburb $1,388,000
+1.84 pp
Gross yield
Suburb 3.09%
Suburb median $1,388,000 from 10 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
For more information on this property, visit Queensland Globe.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
QLDPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.
Rental
No advertised rent is recorded. Suburb median rent $825/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNearby development applications are not loaded. This lot’s own applications are a separate question.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Merrimac at a glance
7,423
People
$1,388,000
Median sale
$825/wk
Median rent
3.09%
Suburb gross yield
Median sale from 10 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by RE/MAX Regency Gold CoastIdeally located at the back of the estate, holding a corner position in a quiet street you will find this recently refreshed family home. Ready to move in and enjoy now!
The location is super convenient with many amenities just a few mins walk away. You can enjoy an easy stroll to lunch/dinner, take the puppy or kids for a play in the green 'Fairie Park' located at the heart of the estate or just unwind with friends and enjoy an afternoon BBQ.
There is the local shops, BP Service Station, Bottle shop, The German Club, Mikes Kitchen, McDonald's and Merrimac Tavern. Public Transport is very accessible and well respected public & private schools, Medical Centre/Chemist/Dentist and Child Care are within 10-15mins walking distance, or just a few mins drive.
Features: (also see virtual tour and floor plan)
Freshly painted throughout, easy maintained lawn and gardens.
New vertical block out blinds throughout.
New carpet in all bedrooms.
New LED lighting throughout.
Queen size master bedroom with his/her robes and ensuite.
3 more double size bedrooms with ceiling fans and double sliding robes.
2 fresh and tidy bathrooms (main with separate WC and bath).
Spacious fully tiled open plan living area adjoins large kitchen and outdoor entertaining.
Well appointed modern kitchen features dishwasher, ample bench space and large breakfast bar.
Minimal maintenance fully enclosed yard suitable for pets and kids.
Double automatic garage with internal access.
Easy side access to the backyard for large toys/caravan/boat.
Insulation, air-conditioned and ceiling fans installed for year round comfort.
Private undercover entertaining area for afternoon BBQs and relaxing with friends.
Access to the M1 in under 1 min. Robina station, hospital, numerous public & private schools, Titans Stadium, sports/recreation parks, golf courses, and Robina Town Centre all on your doorstep. Vibrant Broadbeach offering world class entertainment, shopping and dining experiences just a short drive away.
You will be pleasantly surprised with what this location has to offer. As a current owner/investor of the area for over 13 years, I am confident you will love living here. Very suitable for first homes buyers, young families, busy families/professionals, downsizers/retirees and the savvy investor looking for solid returns.
Listing description written by Taya Rich, RE/MAX Regency Gold Coast — reproduced as published, not verified by Districts.