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Merrimac, QLD 4226
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,215,000
market range $1.1M-$1.4M
Median Unit
$950,000
list-price estimate
Gross Yield (houses)
4.0%
1yr Growth (houses)
+14.9%
market range +10.0% to +22.5%
Investment snapshot for Merrimac
Merrimac has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Merrimac market and investor summary
In Merrimac, QLD 4226, the median house sells for around $1.2M, on a gross rental yield of 4.0% for houses. House prices have moved +14.9% over the past year and +43.2% over three years. At 1.0% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.0% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 1.0% and a resident base that is not shrinking.
Living in Merrimac: people, income and schools
Merrimac has a resident population of roughly 7,212, and the area has been growing steadily, up about 7% over five years. At a median age of 38, it reads as broadly working-age, and families account for 74% of households.
The typical household income runs to around $88,000 a year (about $1,690 a week). On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 13.8 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 14% over five years, which tends to underpin what local buyers can pay.
Families have 22 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Merrimac sits about 73 km from the CBD. It is fairly car-dependent; the suburb scores 28 for walkability out of 100. Fixed broadband is delivered over the NBN's Fibre to the Curb.
- Population
- 7,212
- +7% over 5yr
- Median age
- 38 years
- Median household income
- $88,000/yr
- Households renting
- 34%
- Family households
- 74%
- Socio-economic rank
- 8/10
- ABS advantage index
- Schools within 5km
- 22
- avg ICSEA 1037
- Unemployment
- 2.5%
- Distance to CBD
- 73 km
- Walk score
- 28/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Merrimac
View all →Frequently asked questions about Merrimac
What should I check before investing in Merrimac?
Merrimac has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.4%, giving a stronger rent-to-price starting point than many suburbs. Capital growth of +14.9% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Merrimac?
The median property price in Merrimac, QLD 4226 is $1.2M for houses.
What rental yield does Merrimac show?
The gross rental yield in Merrimac is 4.0% for houses and 5.4% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Merrimac?
House prices in Merrimac are up 14.9% over the past year and up 43.2% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Merrimac?
The current vacancy rate in Merrimac is 1.0%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Merrimac?
Merrimac has a population of approximately 7,212 residents, with a median age of 38.
What schools are near Merrimac?
There are 22 schools within roughly 5km of Merrimac. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Merrimac affordable to buy in?
A median house in Merrimac costs about 13.8 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Merrimac's population growing?
The population of Merrimac has grown about 7% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Merrimac from the CBD?
Merrimac is about 73 km from the CBD.
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