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Mermaid Waters
AREA REPORTS

Mermaid Waters

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

house
unit

Property investors enjoyed capital gains of 50.96% 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 10.27% growth over a ten-year period. It ranks 4101st on our list of suburbs that property investors should look into.

MERMAID WATERS, 4218 has a capital gain of 50.96% for the past year, which is higher than average compared to its 88.7% growth within a five-year period.

With the median home price in MERMAID WATERS sitting at $1,453,000, and the average rent at $850, property owners could potentially earn a 3.04% increase in gross rental yield.

A 50.96% increase in median property prices in MERMAID WATERS, 4218 has allowed this suburb to join the ranks of best performing suburbs in QLD, settling at number 32nd.

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

Mermaid Waters
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,453,000 $560,000
GROWTH REPORT
Median Quarterly 7.63% 11.55%
Median 12 month 50.96% 31.76%
Median 3 years 67.01% 45.27%
Median 5 years 88.7% 56.86%
10 years average annual 10.27% 7%
Weekly media advert. rent $850 $500
Time on Market 31.2 days 33.0 days
Gross Rental Yield Percent 3.04% 4.64%
demographics (median values)*
Total Population
11650
Weekly Household Income
972.6
Household Size
2.30
Age
41
Monthly Loan Repayment
1509
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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