Suburb Profile Report for Mermaid Beach QLD (4218)

Mermaid Beach House: Median price $1,405,000, Annual capital growth 5.52%, Number of sales 72, Weekly median advertised rent $580

Mermaid Beach Unit: Median price $386,500, Annual capital growth 2.08%, Number of sales 320, Weekly median advertised rent $410

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Mermaid Beach has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.40%

Mermaid Beach,4218 was ranked 2383 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in Mermaid Beach should be aiming for at least -6.94% off the asking price, which is the average vendor discount being achieved at the moment.

Using the current median advertised rental of $580 and the average annual increase in value of a median property of 5.52%, investors should hope to achieve an overall return of 2.15%

Mermaid Beach, 4218 ranked 58th in QLD when comparing growth in median property values or capital gain over the last 12 months. Mermaid Beach is one of 2415 in our list for QLD

When looking at the potential capital gains offered to property investors over the last 3 years, Mermaid Beach comes in at number 123th in QLD.

Mermaid Beach, 4218 is offering QLD ‘s 223th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this QLD.

Metrics i HOUSE UNIT
$1,405,000 $386,500
0.54% 5.89%
12.40% 10.43%
5.52% 2.08%
$580 $410
72 320
2.15% 5.52%
95.38 82.44

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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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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