At number 505th in the list of Australian suburbs ordered by increase in median house value over the last year, Mermaid Waters, 4218 is in the top 20% with a property value increase of 9.65% recorded in median house prices.
Over the longer term, Mermaid Waters has seen property prices show investors a 24.26% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Mermaid Waters is $940000, with sellers offering an average of -6.80% off the asking price.
Residents and property investors in Mermaid Waters have been waiting around 76.7632 days to sell a property.
Advertised rents are around the $750 mark per week – giving a return of 4.15% based on the median price in Suburb
If you compare the increase in value of investment property in Mermaid Waters, 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 -1.30%.
Over the longer term, Mermaid Waters has seen property prices show investors a 2.98% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Mermaid Waters 4218 should be seeing an average reduction in asking price of around -5.51% . This means that Mermaid Waters is holding prices well when compared to other suburbs in QLD.
In the last year 116 properties changed hands in Mermaid Waters, which puts it as the 41th most active market in QLD when comparing the number of sales per suburb.
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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.