Mermaid Waters is a well-established suburb in Queensland within the Gold Coast local government area (postcode 4218). With a population of 13,088, the suburb has an established demographic with a median age of 40. Households earn a median income of $92K per year, with an average household size of 2.5 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, technicians & trades. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
The median house price in Mermaid Waters is $1.8 million, having grown strongly by 7.6% over the past year. Units have a median price of $800,000 (+15.9% YoY). The current median weekly rent is $900. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,167.
Mermaid Waters is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1041, which is around the national average of 1,000. Public transport access includes 50 bus stops. The crime rate in the Gold Coast LGA is moderate at 5,699 incidents per 100,000 population.
From an investment perspective, Mermaid Waters shows a gross rental yield of approximately 2.6%, rated as low yield. Property prices are above the state median ($1.8M/$1.1M), placing it in the premium segment. The price-to-income ratio of 19.6x is considered stretched. House prices have moved +7.6% 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.