Suburb Profile Report for Mermaid Waters QLD (4218)

Mermaid Waters House: Median price $1,351,000, Annual capital growth 2.92%, Number of sales 326, Weekly median advertised rent $900

Mermaid Waters Unit: Median price $502,000, Annual capital growth 3.11%, Number of sales 159, Weekly median advertised rent $425

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

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

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.

Information supplied by:


March 2018

M
O

W
E

Competition heats up

Postcode: 4218

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.

Metrics i HOUSE UNIT
$1,351,000 $502,000
4.55% 4.55%
37.11% -21.41%
2.92% 3.11%
$900 $425
326 159
2.03% 12.81%
38.4363636363636 82.3636363636364

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very 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
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