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Mermaid Waters

Suburb Profile

Mermaid Waters - FREE SUBURB PROFILE REPORT
POSTAL CODE: QLD,4218

house
unit

Property investors enjoyed capital gains of 1.07% over the last 12 months in MERMAID WATERS, translating to lower returns compared with its peers in QLD.

A survey of average capital gains or median home price increase in suburbs across the country shows that the QLD suburb obtained a 4.24% growth over a ten-year period. It ranks 1909th on our list of suburbs that property investors should look into.

MERMAID WATERS, 4218 has a capital gain of 1.07% for the past year, which is lower than average compared to its 24.34% growth within a five-year period.

With the median home price in MERMAID WATERS sitting at $945,000, and the average rent at $730, property owners could potentially earn a 4.02% increase in gross rental yield.

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

MERMAID WATERS, 4218 in QLD belongs to the local government area of Gold Coast (C).

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $945,000 $420,000
GROWTH REPORT
Median Quarterly -0.53% 1.2%
Median 12 month 1.07% 9.88%
Median 3 years 8% 16.67%
Median 5 years 24.34% 16.83%
10 years average annual 4.24% 2.74%
Weekly media advert. rent $730 $430
Time on Market 53.5 days 45.7 days
Gross Rental Yield Percent 4.02% 5.32%
demographics (median values)
Total Population
11650
Weekly Household Income
972.6
Household Size
2.30
demographics
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