Mermaid Beach

POSTAL CODE: QLD, 4218

HOUSE

UNIT

Based on its average 5-year and quarterly capital gains MERMAID BEACH, 4218 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that MERMAID BEACH, 4218 obtained a 8.45% growth over a ten-year period. It ranks 898th on our list of suburbs that property investors should look into.

MERMAID BEACH, 4218 in QLD belongs to the local government area of Gold Coast.

MERMAID BEACH, 4218 has a capital gain of 2.2% for the past year, which is lower than average compared to its 66.45% growth within a five-year period.

With the median home price in MERMAID BEACH sitting at $2,555,000, and the average rent at $872.5, property owners could potentially earn a 1.78% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in MERMAID BEACH are low, as opposed to average gains per annum over the past five years.

Homeowners and real estate investors betting on MERMAID BEACH, 4218 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 10.86%.

A steady increase in median property prices over a five-year period in MERMAID BEACH, 4218 translates to a 29.33% capital gain.

Property investors enjoyed capital gains of 10.86% over the last 12 months in MERMAID BEACH, translating to lower returns compared with its peers in QLD.

MERMAID BEACH, 4218 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $970,000.

Profits due to an upward trend in home prices in MERMAID BEACH, 4218 averaged 9.78% per annum over a 3-year period.

Home owners selling their properties and realtors in MERMAID BEACH usually have to wait an average of 43.5 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $800 mark, reflecting a 4.29% increase in returns based on the current median price in MERMAID BEACH.

MERMAID BEACH, 4218 places 217th in Australia based on median property value growth during the quarter.

Surburb overview

Mermaid Beach, a coastal suburb on Queensland's Gold Coast, is located approximately 6 kilometres south of Surfers Paradise and about 85 kilometres southeast of Brisbane. As of the 2021 census, Mermaid Beach had 7,329 people.

Public transport services in Mermaid Beach include TransLink bus routes connecting the suburb to surrounding areas. The Gold Coast Light Rail system provides additional connectivity with the nearest station in Broadbeach. Major roadways, such as the Gold Coast Highway, are easily accessible for those commuting by car.

Mermaid Beach offers a range of essential establishments, including local shops, cafes, and restaurants along the Gold Coast Highway and surrounding streets. While no schools are within Mermaid Beach, nearby educational institutions in neighbouring suburbs provide this necessity to its residents.

Recreational activities are abundant in Mermaid Beach. The suburb's pristine sandy beaches are popular for swimming, surfing, and sunbathing. Residents enjoy community groups in the suburbs, such as the Mermaid Beach Surf Life Saving Club and Nobby Beach Surf Life Saving Club.

With its coastal charm, relaxed beachside lifestyle, and proximity to key Gold Coast attractions, Mermaid Beach continues to be a sought-after suburb for residents and visitors alike.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$2,555,000	$970,000
Growth Report
Median Quarterly	3.23%	3.19%
Median 12 month	2.2%	10.86%
Median 3 years	-4.49%	29.33%
Median 5 years	66.45%	98.16%
10 years average annual	8.45%	11%
Weekly media advert. rent	$873	$800
Time on Market	45 days	43.5 days
Gross Rental Yield Percent	1.78%	4.29%

Demographics (Median Values)*

Total Population 5749

Weekly Household Income 1039

Household Size 2.10

Average Age 34

Monthly Loan Repayment 1603

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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