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Asking Price
$1,500,000
On 5,093 properties that later sold, blending providers in narrowed typical error from 6.68% to 5.66%, and lifted the share landing within 10% of the sale price from 66.9% to 73.3%.
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Property overview
This 4-bedroom house at 24 Merridown Drive in Merrimac, QLD 4226 is listed at $1.5M, with 3 bathrooms and parking for 7. It offers a 795 m2 block and 188 m2 of internal living space. The house was built in 1991. Merrimac sits about 73 km from the CBD, where the median house price is $1.2M. Council data shows no flood or bushfire overlay on the site. There are 22 schools within roughly 5km, and the area scores 28 for walkability out of 100.
A plain-language read on this listing (Strong, Monitor or Caution) drawn from its asking price, valuation gap, yield and suburb trend.
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Based on $1,500,000 asking signal.
Signals use available listing and suburb data. They are not personal financial advice.
Listed
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Merrimac at a glance
House market signals | QLD 4226
Median
$1.2M
Market signals
To CBD
73 km
Est. Valuation
$1,400,279
Potential Sell Price
Est. Rent/wk
$1,139
Potential Gross Yield
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Addresses, sold dates, days on market, sold vs asking spreads, plus the subject vs median verdict for each row.
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Key Highlights
Planning Overlays
No Overlays Detected
Subdivision & Development Potential
Indicative assessment only. Consult your local council planning department for definitive subdivision information.
Total Cost to Purchase
- Purchase Price
- $1,500,000
- Stamp Duty (Queensland)
- $66,775
- Transfer/Registration Fee
- $1,200
- Legal & Conveyancing (est.)
- $2,000
- Building & Pest Inspection (est.)
- $700
- Total Cash Required
- $1,570,675
Estimates only. Assumes investment property, standard rates. Verify with your conveyancer.
Listing Details
- Listed
- Last Updated
- Postcode
- 4226
- Original listing
- Original listing is on paid plans
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How accurate are AU property valuations?
Four providers benchmarked against 14,000 sold prices. MAE 6.82% to 11.24%, all biased high.
Where Australian property prices are rising and falling in 2026
Capital growth across 12,000+ tracked suburbs: WA +12%, VIC +3.9%, plus the picture in every other state.
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