Suburb Profile Report for Mermaid Waters QLD (4218)

Mermaid Waters House: Median price $750,000, Annual capital growth 2.83%, Number of sales 196, Weekly median advertised rent $640

Mermaid Waters Unit: Median price $360,000, Annual capital growth 3.35%, Number of sales 165, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report
  • Unit Report

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%.

HOUSE UNIT
$750,000 $360,000
-0.33% 0.00%
1.69% 10.77%
2.83% 3.35%
$640 $370
196 165
4.44% 5.34%
59.95 75.37

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
Find a mortgage broker in Mermaid Waters QLD
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