Investment property in Mermaid Beach has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -12.66%
Taking the average capital gain, or increase in median house value, Mermaid Beach,4218 has racked up an average of -12.66% over the period. This ranks it number 2984th in the whole country for real estate investors looking at median house price increases.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.96% offered to property buyers. Sellers in Mermaid Beach itself are offering an average vendor discount of -7.90% to real estate investors.
A $650 per week rent on the median house gives suburb investors a gross yield of circa 2.42%, without taking into account capital value appreciation, which has been averaging out at 3.94%.
If you compare the increase in value of investment property in Mermaid Beach, 4218 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this QLD suburb was -2.27%.
Across a shorter period, Mermaid Beach, 4218 has seen a median price increase of -1.26% over the last quarter.
Mermaid Beach, 4218 is offering QLD ‘s 133th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this QLD.
Situated 76.01km from the CBD, Mermaid Beach is one of Gold Coast (C) localities in the postcode 4218.