Suburb Profile Report for Mermaid Waters QLD (4218)

Mermaid Waters House: Median price $850,000, Annual capital growth 4.21%, Number of sales 176, Weekly median advertised rent $675

Mermaid Waters Unit: Median price $357,000, Annual capital growth 3.31%, Number of sales 164, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

Mermaid Waters has had a A very good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 11.84% to date .

Across a shorter period, Mermaid Waters, 4218 has seen a median price increase of 10.25% over the last quarter.

The most recent median price for Mermaid Waters is $850000, with sellers offering an average of -5.84% off the asking price.

Mermaid Waters, 4218’s gross rental yield is 4.13%

Investment property in Mermaid Waters has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -2.19%

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.

Our latest figures would indicate that property sellers in Mermaid Waters are currently offering property investors an average price cut of -5.08% below the asking price at the moment.

Mermaid Waters is 139th on a list of best yielding suburbs for rents in QLD with a 5.54% return

Metrics i HOUSE UNIT
$850,000 $357,000
10.25% 0.00%
11.84% -2.19%
4.21% 3.31%
$675 $380
176 164
4.13% 5.54%
68.08 54.54

Source: CoreLogic

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