Suburb Profile Report for Mermaid Waters QLD (4218)

Mermaid Waters House: Median price $875,000, Annual capital growth 3.66%, Number of sales 173, Weekly median advertised rent $650

Mermaid Waters Unit: Median price $376,500, Annual capital growth 3.23%, Number of sales 190, Weekly median advertised rent $385

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

Source: CoreLogic

  • House Report
  • Unit Report

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 16.24% to date .

Taking the average capital gain, or increase in median house value, Mermaid Waters,4218 has racked up an average of 16.24% over the period. This ranks it number 1222th in the whole country for real estate investors looking at median house price increases.

The most recent median price for Mermaid Waters is $875000, with sellers offering an average of -3.80% off the asking price.

In the last year 173 properties changed hands in Mermaid Waters, which puts it as the 81th most active market in QLD when comparing the number of sales per suburb.

Mermaid Waters, 4218’s gross rental yield is 3.86%

With a capital gain of 4.95% for the last 12 months, Mermaid Waters, 4218 has performed for property investments than its average annual 3.23% property growth over the last 5 years.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mermaid Waters has increased when compared to the 5 year average annual rate.

The most recent median price for Mermaid Waters is $376500, with sellers offering an average of -2.33% off the asking price.

Property investors should expect to get $385 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$875,000 $376,500
0.00% 2.45%
16.24% 4.95%
3.66% 3.23%
$650 $385
173 190
3.86% 5.32%
6.8 8.46

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
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Demographics
Total population 11789
Median household income ($/weekly) 1093
Median age of persons 41
Median housing loan repayment ($/monthly) 2000
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1260 10.7
    25-34 years 1601 13.6
    35-44 years 1690 14.3
    45-54 years 1517 12.9
    55-64 years 1516 12.9
    Others 4206 35.7
    Age Group
    Census Count Percent(%)
    Registered Married 4062 45.4
    Not Married 4014 44.9
    Defacto Relationship 867 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 7422 68.5
    South Korea 127 1.2
    Papua New Guinea 947 8.7
    United Kingdom 691 6.4
    Other 513 4.7
    Others 1139 10.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 291 2.8
    Christianity 7570 72.5
    Islam 73 0.7
    Other Religious Groups 65 0.6
    No Religion 2350 22.5
    Others 95 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 482 12.0
    $600-$799 465 11.6
    $800-$999 389 9.7
    $1,000-$1,249 364 9.1
    $1,500-$1,999 502 12.5
    Others 1814 45.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3310 36.1
    Employed, worked full-time 3168 34.5
    Employed, worked part-time 1990 21.7
    Unemployed, looking for work 411 4.5
    Employed, away from work 302 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 669 12.2
    Professionals 981 18.0
    Technicians & trades workers 787 14.4
    Clerical & administrative workers 747 13.7
    Sales 755 13.8
    Others 1525 27.9
    Occupation
    Census Count Percent(%)
    Pre-school 129 5.5
    Infants/Primary 846 36.2
    Secondary 551 23.6
    Technical or Further Educational Institution 247 10.6
    University or other Tertiary Institutions 478 20.5
    Others 86 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7742 71.2
    Semi-detached, row or terrace house, townhouse 1775 16.3
    Flat, unit or apartment 1253 11.5
    Caravan, cabin, houseboat 100 0.9
    House or flat attached to a shop, office 9 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1599 36.3
    Rented 1420 32.2
    Being purchased 1360 30.8
    Other tenure type 31 0.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals