QLD has seen average median house prices change by 2.11% which means that Mermaid Waters, 4218 has done well for property investors by showing a capital gain of -2.71% over the last year
Taking the average capital gain, or increase in median house value, Mermaid Waters,4218 has racked up an average of -2.71% over the period. This ranks it number 1745th in the whole country for real estate investors looking at median house price increases.
Mermaid Waters, 4218 is offering QLD ‘s 523th 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.
The QLD suburb of Mermaid Waters, 4218 is in the Gold Coast local government area.
Mermaid Waters has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 1.67% to date .
Taking the average capital gain, or increase in median house value, Mermaid Waters,4218 has racked up an average of 1.67% over the period. This ranks it number 586th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Mermaid Waters is offering property investors an average of -6.00. This rate of discount on properties puts Suburb at number 167th in terms of most discounted suburbs in QLD
At number 505 in a list of fastest selling suburbs, Mermaid Waters is in the TOP 40% of suburbs in Australia with an average of days on market 66.05 for properties listed there.
Using the current median advertised rental of $377.5 and the average annual increase in value of a median property of 3.49%, investors should hope to achieve an overall return of 5.38%