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.
QLD › Merrimac › Lakelands Dr
$1,656,000
Last sold
1 July 2024
4
Bedrooms
2
Bathrooms
2
Car spaces
548 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
$1,656,000
1 July 2024 · 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
+19.3%
Median sale
Suburb $1,388,000
-0.50 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 PRD Burleigh HeadsTake an early morning or evening stroll around the tranquil estate and enjoy the peace and tranquility afforded by this special location. Don't miss out on the two story, contemporary property, backing onto the beautiful 7th Hole, 320m Par 4 of the Lakelands Golf precinct. It took twenty-five years for Jack Nicklaus to find the perfect location for his first signature golf course in Australia, you can secure your beautiful home today.
Boasting 4 bedrooms, Media Room, an Office or 5th Bedroom and a generous entertaining alfresco area with new BBQ area overlooking the pool. The Master Bedroom has a spacious balcony featuring stunning golf course views, also showcasing a large walk-in robe and ensuite with double basins and spa bath.
Key Features
DOWNSTAIRS
* Media room
* Office or 5th bedroom
* Double Garage
* Powder Room
* Laundry
* Outdoor entertaining area
* New ducted BBQ area with stone tops
* Pool
* 100mm Stone Island bench
* Gas cooktop
* Large pantry
* Timber Floors
* High Ceilings
* Direct access to golf course from back yard
UPSTAIRS
* Four Bedrooms
* Master with large walk-in robe
* Large deck overlooking the 7th hole
* Ensuite with Spa Bath
* Second Bathroom
* High Ceilings
* Solar Panels
Residents also get to enjoy body corporate benefits. The secured and gated community boasts an outdoor pool, gym and common area only 100 meters away, with communal gardens and BBQ areas.
Within 5 - 10 minutes' drive:
* Emerald Lakes Village
* Emmanuel College
* All Saints Anglican School
* Merrimac State School
* St Michaels Catholic High School
* Woolworths Shopping Centre
* Q Super Shopping Centre
* Heritage Bank Stadium (formerly Metricon Stadium)
* KDV Tennis and Golf Centre
* The Pacific Motorway
* Nerang Train Station
* Carrara Markets and adjacent Cocos Medical Centre and shopping
* Within 10-15 minutes' drive:
* Broadbeach (Pacific Fair, Kurrawa Beach, Star Casino, Convention Centre)
* Robina Town Centre
* Robina Hospital
Council Rates Approx $ 980/half year
Body Corp Approx $78/week
Water Rates Approx $800/Quarter
Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.
Listing description written by Mark Shinners, PRD Burleigh Heads — reproduced as published, not verified by Districts.