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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 8.63% growth over a ten-year period. It ranks 432nd 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 43.34% for the past year, which is higher than average compared to its 50% growth within a five-year period.

With the median home price in MERMAID BEACH sitting at $2,100,000, and the average rent at $750, property owners could potentially earn a 1.86% increase in gross rental yield.

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

A 43.34% 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 30th.

Data report can be found below

Mermaid Beach
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $2,100,000 $575,000
GROWTH REPORT
Median Quarterly 17.48% 6.48%
Median 12 month 43.34% 25%
Median 3 years 31.25% 30.68%
Median 5 years 50% 53.33%
10 years average annual 8.63% 5.15%
Weekly media advert. rent $750 $520
Time on Market 58.0 days 43.3 days
Gross Rental Yield Percent 1.86% 4.7%
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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