Property Market Update - Merrimac, Gold Coast - 31 July 2018

Houses - Merrimac

The following is the growth chart for houses in Merrimac. Since last months report, we see another three sales on the chart, with the number of sales processed for 2018 going up to 28. These sales have contributed significantly to a further increase in the average price for homes in the suburb for the rolling twelve month period, up to 2.3% from 0.4% on last months report and the median price up from $530,000 to $540,000. The growth in price for 2018 remains at 2.8%.

Realestate.com.au shows the average number of visitors per listing for houses in Merrimac to be at 1027 for the month of June 2018.

Units - Merrimac

The following is the growth chart for units in Merrimac. The most noticeable trend is the sideways see-saw price movement with prices essentially remaining the same since 2010. Only another 2 sales processed from last months report and all growth figures essentially remaining the same, with the median price for this year being down -6.6% but still up 10.5% for the rolling 12 month period.

Realestate.com.au shows an average number of visitors per listing for units in Merrimac to be at 425 for the month of June 2018.