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 33.49% to date .
Comparing Mermaid Beach,4218 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Our latest figures would indicate that property sellers in Mermaid Beach are currently offering property investors an average price cut of -6.47% below the asking price at the moment.
On average over the past year, suburb has had 5.58 sales per month, which equates to 67 per year.
A $550 per week rent on the median house gives suburb investors a gross yield of circa 2.05%, without taking into account capital value appreciation, which has been averaging out at 4.12%.
Property value increases in Mermaid Beach have tracked just lower than the QLD average of 1.47% over the last 12 months.
Comparing Mermaid Beach,4218 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Sellers are offering property buyers an average discount of -4.79% to buyers in Mermaid Beach at the moment, which is less than average for the rest of QLD.
Often selling an investment property can take time, and in Mermaid Beach the average time real estate has been on the market is 90.82 days.
Mermaid Beach is 111th on a list of best yielding suburbs for rents in QLD with a 5.92% return