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