Property value increases in Mermaid Beach have tracked just higher than the QLD average of 2.82% over the last 12 months.
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.
Advertised rents are around the $650 mark per week – giving a return of 2.27% based on the median price in Suburb
Over the last year, property investments in Mermaid Beach, 4218 have given investors a capital gain of 4.31%. This compares favourably with the -0.09% for QLD as a whole.
While Mermaid Beach,4218 ranked number 127th in QLD for increase in median house value (annualised) increase, it is ranked 79th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Mermaid Beach is offering property investors an average of -3.49. This rate of discount on properties puts Suburb at number 18th in terms of most discounted suburbs in QLD
Mermaid Beach is 163th on a list of best yielding suburbs for rents in QLD with a 5.36% return