Suburb Profile Report for Mermaid Beach QLD (4218)

Mermaid Beach House: Median price $1,397,500, Annual capital growth 3.96%, Number of sales 50, Weekly median advertised rent $670

Mermaid Beach Unit: Median price $434,000, Annual capital growth 2.24%, Number of sales 193, Weekly median advertised rent $470

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$1,397,500 $434,000
-0.18% -2.14%
-12.66% 0.93%
3.96% 2.24%
$670 $470
50 193
2.49% 5.63%
71.1707317073171 78.9913793103448

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 5722
Median household income ($/weekly) 1210
Median age of persons 33
Median housing loan repayment ($/monthly) 2000
Average household size 2.1
  • Census Count Percent(%)
    20-24 years 676 11.8
    25-34 years 1451 25.4
    35-44 years 791 13.8
    45-54 years 685 12.0
    55-64 years 617 10.8
    Others 1502 26.2
    Age Group
    Census Count Percent(%)
    Not Married 2358 54.5
    Registered Married 1312 30.3
    Defacto Relationship 657 15.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 3786 73.5
    South Korea 54 1.0
    Papua New Guinea 441 8.6
    United Kingdom 219 4.3
    Other 248 4.8
    Others 404 7.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 93 1.9
    Christianity 3298 67.6
    Judaism 22 0.5
    Other Religious Groups 35 0.7
    No Religion 1400 28.7
    Others 30 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 255 11.6
    $800-$999 233 10.6
    $1,000-$1,249 225 10.2
    $1,250-$1,499 204 9.3
    $1,500-$1,999 296 13.4
    Others 992 45.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2097 45.8
    Not in the labour force 1068 23.3
    Employed, worked part-time 1053 23.0
    Unemployed, looking for work 198 4.3
    Employed, away from work 164 3.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 451 13.6
    Professionals 769 23.2
    Technicians & trades workers 451 13.6
    Community & personal service workers 426 12.9
    Sales 426 12.9
    Others 790 23.8
    Occupation
    Census Count Percent(%)
    Infants/Primary 244 23.6
    Secondary 197 19.1
    Technical or Further Educational Institution 129 12.5
    University or other Tertiary Institutions 366 35.5
    Other type of educational institution 52 5.0
    Others 44 4.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 2543 50.5
    Separate house 1666 33.1
    Semi-detached, row or terrace house, townhouse 813 16.2
    House or flat attached to a shop, office 10 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1362 57.0
    Being purchased 526 22.0
    Fully owned 485 20.3
    Other tenure type 15 0.6
    Tenure Type
Census 2011, ABS
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