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Merrimac is a delightful suburb that offers a harmonious blend of suburban tranquility and urban convenience, making it a lovely place to call home. Nestled in the heart of the Gold Coast, this charming area is known for its family-friendly atmosphere and lush green surroundings. With a variety of parks and recreational facilities, Merrimac provides ample opportunities for outdoor activities, making it an ideal spot for families and nature enthusiasts alike. The suburb's relaxed vibe is complemented by its proximity to the vibrant Gold Coast beaches and shopping precincts, ensuring residents have easy access to both leisure and essential amenities.

Families will find Merrimac particularly appealing due to its excellent access to quality schools and its welcoming community spirit. The suburb is well-connected to major roads, which makes commuting a breeze, and the potential development of a new train station promises to enhance public transport options further. While Merrimac offers a peaceful lifestyle, it does come with the trade-off of not having the bustling nightlife found in more urban areas. However, the suburb's serene environment and strong sense of community more than compensate for this, providing a safe and nurturing environment for families to thrive.

For those seeking a balanced lifestyle, Merrimac presents a unique opportunity. The ongoing residential developments are transforming the area, offering a mix of modern homes and established residences that cater to a variety of preferences. While the suburb may not have major commercial projects underway, its steady growth and potential for improved transport links make it an attractive option for both property investors and homebuyers. Overall, Merrimac is a wonderful place to live for those who value a peaceful, community-oriented lifestyle with convenient access to the vibrant offerings of the Gold Coast.

Merrimac, located on the Gold Coast, presents a mixed picture when it comes to affordability. The current median house price stands at $942,500, while units are priced at a median of $770,000. These figures suggest that buying property in Merrimac can be quite costly, especially when compared to other areas on the Gold Coast.

When it comes to renting, the average rent for houses is $800 per week, and for units, it's $750 per week. These rental prices are relatively high, indicating a significant demand for housing in the area. The median total household income in Merrimac is $1,688 per week, which translates to roughly $87,776 annually. This is lower than the average wage in Merrimac, which is approximately $104,000 per year, suggesting that while some residents may find living here manageable, others might feel the financial strain.

Overall, if you are thinking of living in Merrimac, it's important to consider the higher property prices and rental costs. While the suburb offers a desirable lifestyle with its proximity to the beach and local amenities, the cost of living can be challenging for those not earning above-average wages. It's essential to weigh these factors against your financial situation to determine if Merrimac is the right fit for you.

Merrimac is shaping up to be an attractive suburb for property investment, especially for those looking at both houses and units. Over the past year, the suburb has seen a notable increase in property values, with median house values rising by 6.6% and unit values surging by an impressive 13.8%. This growth indicates a strong demand for properties in the area, making it a promising option for investors seeking capital appreciation.

In addition to property value growth, Merrimac has experienced significant increases in rental returns. House rents have gone up by 6.7%, while unit rents have jumped by a substantial 15.4% over the last 12 months. This trend suggests a robust rental market, which is appealing for investors aiming for steady rental income. The combination of rising property values and rental yields makes Merrimac a compelling choice for those looking to invest in real estate.

Overall, Merrimac offers a balanced investment opportunity with both capital growth and rental income potential. Its recent performance in both property values and rental returns highlights its appeal in the current market. For investors considering the Gold Coast area, Merrimac stands out as a suburb with promising prospects.