Suburb Profile Report for Mermaid Beach QLD (4218)

Mermaid Beach House: Median price $1,432,500, Annual capital growth 6.20%, Number of sales 70, Weekly median advertised rent $590

Mermaid Beach Unit: Median price $375,000, Annual capital growth 1.71%, Number of sales 328, Weekly median advertised rent $410

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Mermaid Beach have tracked higher than the QLD average of 2.11% over the last 12 months.

Across a shorter period, Mermaid Beach, 4218 has seen a median price increase of 2.69% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Mermaid Beach is offering property investors an average of -7.29. This rate of discount on properties puts Suburb at number 408th in terms of most discounted suburbs in QLD

At number 2379 in a list of fastest selling suburbs, Mermaid Beach is in the bottom 40% of suburbs in Australia with an average of days on market 93.88 for properties listed there.

The QLD suburb of Mermaid Beach, 4218 is in the Gold Coast local government area.

Property investors who have had real estate in Mermaid Beach, 4218 should be relatively pleased with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 7.14%

The five-year average increase in median property values for Mermaid Beach,4218 has given property investors a potential capital gain of 4.31% across each of those five years.

Mermaid Beach4218 is located in QLD which offers an average discount of -6.00% to property investors. Mermaid Beach itself is showing figures that indicate -4.90% is the average achievable by property buyers investing in the suburb.

At number 909 in a list of fastest selling suburbs, Mermaid Beach is in the bottom 40% of suburbs in Australia with an average of days on market 87.09 for properties listed there.

Advertised rents are around the $410 mark per week – giving a return of 5.69% based on the median price in Suburb

HOUSE UNIT
$1,432,500 $375,000
2.69% 4.02%
17.00% 7.14%
6.20% 1.71%
$590 $410
70 328
2.14% 5.69%
93.88 87.09

Source: CoreLogic

DSR Score for property investment : Balanced (H), Good (U)
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Demographics
Total population 5722
Median household income ($/weekly) 1210
Median age of persons 33
Median housing loan repayment ($/monthly) 2000
Average household size 2.1
  • Census Count Percent(%)
    20-24 years 676 11.8
    25-34 years 1451 25.4
    35-44 years 791 13.8
    45-54 years 685 12.0
    55-64 years 617 10.8
    Others 1502 26.2
    Age Group
    Census Count Percent(%)
    Not Married 2358 54.5
    Registered Married 1312 30.3
    Defacto Relationship 657 15.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 3786 73.5
    South Korea 54 1.0
    Papua New Guinea 441 8.6
    United Kingdom 219 4.3
    Other 248 4.8
    Others 404 7.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 93 1.9
    Christianity 3298 67.6
    Judaism 22 0.5
    Other Religious Groups 35 0.7
    No Religion 1400 28.7
    Others 30 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 255 11.6
    $800-$999 233 10.6
    $1,000-$1,249 225 10.2
    $1,250-$1,499 204 9.3
    $1,500-$1,999 296 13.4
    Others 992 45.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2097 45.8
    Not in the labour force 1068 23.3
    Employed, worked part-time 1053 23.0
    Unemployed, looking for work 198 4.3
    Employed, away from work 164 3.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 451 13.6
    Professionals 769 23.2
    Technicians & trades workers 451 13.6
    Community & personal service workers 426 12.9
    Sales 426 12.9
    Others 790 23.8
    Occupation
    Census Count Percent(%)
    Infants/Primary 244 23.6
    Secondary 197 19.1
    Technical or Further Educational Institution 129 12.5
    University or other Tertiary Institutions 366 35.5
    Other type of educational institution 52 5.0
    Others 44 4.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 2543 50.5
    Separate house 1666 33.1
    Semi-detached, row or terrace house, townhouse 813 16.2
    House or flat attached to a shop, office 10 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1362 57.0
    Being purchased 526 22.0
    Fully owned 485 20.3
    Other tenure type 15 0.6
    Tenure Type
Census 2011, ABS
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