Property investors who have had real estate in Mermaid Waters, 4218 should be relatively unhappy 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 1.69%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mermaid Waters has increased when compared to the 5 year average annual rate.
Vendor discounting in Mermaid Waters is giving property investors an average Vendor Discount of around -6.01%. This puts suburb at number 461th in QLD when ranking the most discounted suburbs.
Residents and property investors in Mermaid Waters have been waiting around 59.95 days to sell a property.
Mermaid Waters is 494th on a list of best yielding suburbs for rents in QLD with a 4.44% return
Over the last year, property investments in Mermaid Waters, 4218 have given investors a capital gain of 10.77%. This compares very favourably with the 1.23% for QLD as a whole.
Mermaid Waters,4218 was ranked 811 in Australia by increase in median property value over the quarter.
Mermaid Waters4218 is located in QLD which offers an average discount of -5.79% to property investors. Mermaid Waters itself is showing figures that indicate -4.38% is the average achievable by property buyers investing in the suburb.
A $370 per week rent on the median house gives suburb investors a gross yield of circa 5.34%, without taking into account capital value appreciation, which has been averaging out at 3.35%.