Suburb Profile Report for Mermaid Waters QLD (4218)

Mermaid Waters House: Median price $875,000, Annual capital growth 4.30%, Number of sales 183, Weekly median advertised rent $650

Mermaid Waters Unit: Median price $367,500, Annual capital growth 3.40%, Number of sales 177, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

Mermaid Waters is in the TOP 10% in QLD when comparing median price capital growth over the last year. Mermaid Waters gave property investors a very good capital gain figure when compared to the rest of the state, with 15.13%.

Comparing Mermaid Waters,4218 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Mermaid Waters, 4218. Typically our figures indicate that -4.78% is being offered, which puts this QLD suburb at 2382th most discounted overall in Australia.

Residents and property investors in Mermaid Waters have been waiting around 58.63 days to sell a property.

Mermaid Waters is 607th on a list of best yielding suburbs for rents in QLD with a 3.86% return

Mermaid Waters is an average performer in QLD when comparing median price capital growth over the last year. Mermaid Waters gave property investors a average capital gain figure when compared to the rest of the state, with -0.41%.

Over the longer term, Mermaid Waters has seen property prices show investors a 16.67% return over the last 3 years. This is worse than over the last 12 months

The most recent median price for Mermaid Waters is $367500, with sellers offering an average of -5.24% off the asking price.

Residents and property investors in Mermaid Waters have been waiting around 43.93 days to sell a property.

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

Metrics i HOUSE UNIT
$875,000 $367,500
1.86% -1.34%
15.13% -0.41%
4.30% 3.40%
$650 $380
183 177
3.86% 5.38%
58.63 43.93

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 11789
Median household income ($/weekly) 1093
Median age of persons 41
Median housing loan repayment ($/monthly) 2000
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1260 10.7
    25-34 years 1601 13.6
    35-44 years 1690 14.3
    45-54 years 1517 12.9
    55-64 years 1516 12.9
    Others 4206 35.7
    Age Group
    Census Count Percent(%)
    Registered Married 4062 45.4
    Not Married 4014 44.9
    Defacto Relationship 867 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 7422 68.5
    South Korea 127 1.2
    Papua New Guinea 947 8.7
    United Kingdom 691 6.4
    Other 513 4.7
    Others 1139 10.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 291 2.8
    Christianity 7570 72.5
    Islam 73 0.7
    Other Religious Groups 65 0.6
    No Religion 2350 22.5
    Others 95 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 482 12.0
    $600-$799 465 11.6
    $800-$999 389 9.7
    $1,000-$1,249 364 9.1
    $1,500-$1,999 502 12.5
    Others 1814 45.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3310 36.1
    Employed, worked full-time 3168 34.5
    Employed, worked part-time 1990 21.7
    Unemployed, looking for work 411 4.5
    Employed, away from work 302 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 669 12.2
    Professionals 981 18.0
    Technicians & trades workers 787 14.4
    Clerical & administrative workers 747 13.7
    Sales 755 13.8
    Others 1525 27.9
    Occupation
    Census Count Percent(%)
    Pre-school 129 5.5
    Infants/Primary 846 36.2
    Secondary 551 23.6
    Technical or Further Educational Institution 247 10.6
    University or other Tertiary Institutions 478 20.5
    Others 86 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7742 71.2
    Semi-detached, row or terrace house, townhouse 1775 16.3
    Flat, unit or apartment 1253 11.5
    Caravan, cabin, houseboat 100 0.9
    House or flat attached to a shop, office 9 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1599 36.3
    Rented 1420 32.2
    Being purchased 1360 30.8
    Other tenure type 31 0.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals