Mermaid Beach has had a A very good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 8.96% to date .
Over the longer term, Mermaid Beach has seen property prices show investors a 67.49% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Mermaid Beach is $1520000, with sellers offering an average of -7.38% off the asking price.
Residents and property investors in Mermaid Beach have been waiting around 109.77 days to sell a property.
With the median price for a house in Mermaid Beach being $1520000 and the advertised rent reaching $650 the gross rental yield for property investors calculates out to be 2.22%
At number 719th in the list of Australian suburbs ordered by increase in median house value over the last year, Mermaid Beach, 4218 is in the top half with a property value increase of 6.19% recorded in median house prices.
The five-year average increase in median property values for Mermaid Beach,4218 has given property investors a potential capital gain of 16.67% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Mermaid Beach, 4218. Typically our figures indicate that -5.48% is being offered, which puts this QLD suburb at 594th most discounted overall in Australia.