Mermaid Beach
7,000
Population
$2,100,000
Average House price
$1,000,000
Average Unit price
43%
Growth-Unit prices
Location and Demographics
Mermaid Beach, located on the Gold Coast, Queensland, is renowned for its stunning beaches, vibrant community, and luxurious lifestyle. It is situated approximately 5 km south of Surfers Paradise and 15 km north of Coolangatta, offering a prime and central location for both residents and visitors.
Community and Lifestyle
Mermaid Beach offers a laid-back coastal lifestyle with a bustling local scene that includes an array of cafes, restaurants, and boutique shops, especially along the Gold Coast Highway and Hedges Avenue. The suburb is popular for its pristine beaches, which are perfect for swimming, surfing, and other beach activities. Mermaid Beach is considered safe and family-friendly, with excellent access to schools, parks, and other essential amenities. The suburb is also known for its vibrant nightlife and proximity to popular entertainment hubs.
Population Growth
The population has seen steady growth over the years, from around 6,300 in 2016 to an estimated 7,000 by 2024. The suburb attracts a diverse mix of professionals, families, retirees, and tourists, contributing to its dynamic and inclusive community.
Property Market Trends
The property market in Coolangatta has shown significant growth over the past five years:
Sales Prices
House Prices
2019: $1,500,000
2024: $2,100,000
40% Growth increase
Unit Prices
2019: $700,000
2024: $1,000,000
43% Growth increase
Rental Market
Houses
Median Rent
2019: $900
2024: $1,300
44% Growth increase
Units
2019: $600
2024: $850
42% Growth increase
Rental Yield
The rental yield in Mermaid Beach remains attractive:
Houses
3.71%
Approximately in 2024.
Units
4.05%
Approximately in 2024
Mermaid Beach is a great place to live and invest
Overall, Mermaid Beach has experienced substantial growth and continues to be a highly desirable location due to its excellent amenities, beautiful natural surroundings, and strong community spirit. The property market remains robust, making it an ideal location for both living and investment.
