Property value increases in Mermaid Beach have tracked lower than the QLD average of 0.88% over the last 12 months.
A 57.91% growth in median value for property investors in Mermaid Beach,4218 puts this suburb at number 466th in terms of best performing suburbs in QLD
The most recent median price for Mermaid Beach is $1397500, with sellers offering an average of -7.09% off the asking price.
In the last year 50 properties changed hands in Mermaid Beach, which puts it as the 426th most active market in QLD when comparing the number of sales per suburb.
With the median price for a house in Mermaid Beach being $1397500 and the advertised rent reaching $670 the gross rental yield for property investors calculates out to be 2.49%
Over the last year, property investments in Mermaid Beach, 4218 have given investors a capital gain of 0.93%. This compares averagely with the -0.13% for QLD as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mermaid Beach has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Mermaid Beach should be aiming for at least -6.22% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Mermaid Beach being $434000 and the advertised rent reaching $470 the gross rental yield for property investors calculates out to be 5.63%