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Mermaid Beach
AREA REPORTS

Mermaid Beach

Mermaid Beach - SUBURB PROFILE REPORT
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 9.75% growth over a ten-year period. It ranks 68th 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 (C).

MERMAID BEACH, 4218 has a capital gain of 49.92% for the past year, which is higher than average compared to its 61.92% growth within a five-year period.

With the median home price in MERMAID BEACH sitting at $2,275,000, and the average rent at $900, property owners could potentially earn a 2.06% 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.

A 49.92% increase in median property prices in MERMAID BEACH, 4218 has allowed this suburb to join the ranks of best performing suburbs in QLD, settling at number 38th.

Data report can be found below

Mermaid Beach
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $2,275,000 $620,000
GROWTH REPORT
Median Quarterly 8.33% 8.37%
Median 12 month 49.92% 30.53%
Median 3 years 62.5% 44.19%
Median 5 years 61.92% 57.96%
10 years average annual 9.75% 5.89%
Weekly media advert. rent $900 $550
Time on Market 46.1 days 35.2 days
Gross Rental Yield Percent 2.06% 4.61%
demographics (median values)*
Total Population
5749
Weekly Household Income
1039
Household Size
2.10
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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