Mermaid Waters is in the TOP 10% in QLD when comparing median price capital growth over the last year. Mermaid Waters gave property investors a very good capital gain figure when compared to the rest of the state, with 37.11%.
A 36.90% growth in median value for property investors in Mermaid Waters,4218 puts this suburb at number 468th in terms of best performing suburbs in QLD
Sellers are offering property buyers an average discount of -8.05% to buyers in Mermaid Waters at the moment, which is less than average for the rest of QLD.
Over the last year, property investments in Mermaid Waters, 4218 have given investors a capital gain of -21.41%. This compares very badly with the 14.15% for QLD as a whole.
Over the longer term, Mermaid Waters has seen property prices show investors a 0.00% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Mermaid Waters should be aiming for at least -12.18% off the asking price, which is the average vendor discount being achieved at the moment.
At number 1880 in a list of fastest selling suburbs, Mermaid Waters is in the bottom 10% of suburbs in Australia with an average of days on market 82.3636 for properties listed there.
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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.