With a capital gain of -1.99% for the last 12 months, Mermaid Waters, 4218 has performed for property investments than its average annual 3.59% property growth over the last 5 years.
While Mermaid Waters,4218 ranked number 511th in QLD for increase in median house value (annualised) increase, it is ranked 108th over the last 5 years.
The most recent median price for Mermaid Waters is $751000, with sellers offering an average of -5.95% off the asking price.
Advertised rents are around the $650 mark per week – giving a return of 4.50% based on the median price in Suburb
Mermaid Waters has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 0.84% to date .
Across a shorter period, Mermaid Waters, 4218 has seen a median price increase of -2.44% over the last quarter.
Sellers are offering property buyers an average discount of -5.34% to buyers in Mermaid Waters at the moment, which is less than average for the rest of QLD.