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.
$1,276,000
Last sold
10 July 2023
4
Bedrooms
3
Bathrooms
2
Car spaces
863 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
$1,276,000
10 July 2023 · derived via latest_sale
Local land rate: recorded House sales in Merrimac (last 5 years) with land size have a median of $2,008/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
-8.1%
Median sale
Suburb $1,388,000
+0.27 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 Ray White RobinaIt is Karyn O'Dea's absolute pleasure to introduce 5 Island Court, Merrimac. This gorgeous light filled family home has had the most divine facelift to bring it into the modern world. Ready and waiting for you to move in and enjoy this elevated 863sqm block with all the privacy it has to offer. Cook up a storm and entertain the weekends away with its designer kitchen or kick off your heels (or boots) in the built in relaxation station overlooking the covered outdoor patio and out to the pool. Everything has been thought of here including ample storage and off street parking with room for the boat/trailer. This must-see home will amaze you at every turn!
Features include:
Downstairs:
• Entertainers kitchen with 4.8m Carrara Mist island benchtop including pop up powerpoint, Zara brushed brass pullout sink mixer, Franke Impact granite sink and Carrara Mist splashback
• Open plan living and dining with air conditioning
• Cozy built in reading/relaxing corner
• Large fourth bedroom with built in robes
• Study (5th bedroom) with built in desk and access to the outdoor patio
• Wet room including laundry with shower and toilet
Upstairs features:
• Master bedroom with walk in wardrobe and ensuite
• Two other bedrooms both with built in wardrobes
• Family bathroom with separate toilet
Property:
• Renovated throughout to the highest quality including new carpet upstairs and Di Bianco matte tiles through the ground floor and alfresco area
• New blinds and sheer curtains throughout
• Inground salt and chlorine pool with water feature and spa ledge
• Large alfresco kitchen area with BeefEater 1200 series stainless steel 4 burner BBQ and 190L outdoor beverage centre
• Oversized automatic double garage with workbench
• Off street parking for boat/trailer
• Fully fenced 863sqm flat block
• Council rates per year approx.: $2,480
• Water rates (excluding usage) per year approx.: $1,025
• Rental return appraised at: $1,250 per week
• School catchment area: Mudgeeraba State School & Robina State High School
• Independent schools nearby: All Saints Anglican School, St Michael's College, Somerset College, Emmanuel College
Located in the always popular and centrally positioned Merridown Estate in Merrimac, you'll find quick and easy access to the Pacific Motorway both North and South bound. Under 10 minutes to Worongary Town Centre, Robina Town Centre, Mudgeeraba Market Shopping Centre, Robina Train Station, CBUS Stadium, Robina Hospital and an abundance of cafes and restaurants.
Listing description written by Karyn O'Dea, Ray White Robina — reproduced as published, not verified by Districts.