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 1.32%.
Taking the average capital gain, or increase in median house value, Mermaid Waters,4218 has racked up an average of 1.32% over the period. This ranks it number 1604th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Mermaid Waters are currently offering property investors an average price cut of -5.68% below the asking price at the moment.
Advertised rents are around the $650 mark per week – giving a return of 4.39% based on the median price in Suburb
With a capital gain of -0.76% for the last 12 months, Mermaid Waters, 4218 has performed for property investments than its average annual 3.26% property growth over the last 5 years.
The five-year average increase in median property values for Mermaid Waters,4218 has given property investors a potential capital gain of 21.10% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Mermaid Waters is offering property investors an average of -6.14. This rate of discount on properties puts Suburb at number 177th in terms of most discounted suburbs in QLD
On average over the past year, suburb has had 14.25 sales per month, which equates to 171 per year.
The QLD suburb of Mermaid Waters, 4218 is in the Gold Coast local government area.