Mermaid Beach is a mid-sized suburb in Queensland within the Gold Coast local government area (postcode 4218). 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. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Mermaid Beach is $3.2 million, having surged 21.8% over the past year. Units have a median price of $859,000 (+8.1% YoY). The current median weekly rent is $850. 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 5,745 incidents per 100,000 population.
From an investment perspective, Mermaid Beach offers a gross rental yield of 1.4%, rated as 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.
Mermaid Beach is a mid-sized suburb in Queensland within the Gold Coast local government area (postcode 4218). 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. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Mermaid Beach is $3.2 million, having surged 21.8% over the past year. Units have a median price of $859,000 (+8.1% YoY). The current median weekly rent is $850. 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 5,745 incidents per 100,000 population.
From an investment perspective, Mermaid Beach offers a gross rental yield of 1.4%, rated as 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.