Mermaid Waters has had a A very good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 6.67% to date .
If we look at median property appreciation over just the last three months, Mermaid Waters has given property investors a paper return of -0.27%. This puts Suburb as 491 on a list of fastest fasting appreciating suburbs in QLD
Sellers are offering property buyers an average discount of -6.89% to buyers in Mermaid Waters at the moment, which is less than average for the rest of QLD.
Property investors should expect to get $720 weekly from the median priced house in this suburb.
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 -0.97%.
Taking the average capital gain, or increase in median house value, Mermaid Waters,4218 has racked up an average of -0.97% over the period. This ranks it number 636th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Mermaid Waters is offering property investors an average of -6.46. This rate of discount on properties puts Suburb at number 119th in terms of most discounted suburbs in QLD
Mermaid Waters is 150th on a list of best yielding suburbs for rents in QLD with a 5.69% return
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Competition heats up
Median unit price: $376,500
Three-year growth: 25.5%
Rental yield: 5.3%
A picturesque suburb festooned with beautiful artificial bodies of water, Mermaid Waters on the Gold Coast is making a splash with buyers.
Units are selling extremely quickly, spending an average of just 8 days on the market. This is an excellent indicator of demand in this area. With a median price of $376,500, apartments in Mermaid Waters are great buys for those who are on a budget. The considerable rental yield of 5.3% makes these properties ideal for those looking into a good source of passive income.
The current boom period in the Gold Coast is a contributor to the high demand, but the appeal of Mermaid Waters is also being enhanced by its beautiful spot near the shore. Residents also have their needs met by the two shopping centres in the suburb.