Mermaid Beach (postcode 4218) is a moderately sized suburb in Queensland within the Gold Coast local government area. With a population of 7,329, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $99K per year, with an average household size of 2.1 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
Median house prices in Mermaid Beach stand at $3.2 million, having surged by 21.8% over the last twelve months. Units have a median price of $859,000 (+8.1% YoY). The current median weekly rent is $880. This gives a gross rental yield of approximately 1.4%. The median monthly mortgage repayment is $1,820.
Public transport access includes 5 bus stops. The crime rate in the Gold Coast LGA is moderate at 5,699 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 1.4% (low yield). Property prices are above the state median ($3.2M/$1.1M), placing it in the premium segment. The price-to-income ratio of 32.5x is considered stretched. House prices have moved +21.8% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.