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 2.51% growth over a ten-year period. It ranks 2719th 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 11.7% for the past year, which is lower than average compared to its 84.21% growth within a five-year period.
With the median home price in MERMAID BEACH sitting at $1,575,000, and the average rent at $650, property owners could potentially earn a 2.15% 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 steady increase in median property prices over a five-year period in MERMAID BEACH, 4218 translates to a 12.16% capital gain.
MERMAID BEACH, 4218 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $415,000.
Profits due to an upward trend in home prices in MERMAID BEACH, 4218 averaged 4.05% per annum over a 3-year period.
Home owners selling their properties and realtors in MERMAID BEACH usually have to wait an average of 68.9 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $450 mark, reflecting a 5.64% increase in returns based on the current median price in MERMAID BEACH.
MERMAID BEACH, 4218 places 194th in Australia based on median property value growth during the quarter.