Mermaid Waters
13,500
Population
$1,300,000
Average House price
$720,000
Average Unit price
50%
Growth-Unit prices
Location and Demographics
Mermaid Waters, located on the Gold Coast, Queensland, is a picturesque suburb known for its canals, serene lakes, and vibrant community. It is situated approximately 6 km south of Surfers Paradise and 20 km north of Coolangatta, offering a tranquil yet central location for residents and visitors.
Community and Lifestyle
Mermaid Waters is celebrated for its relaxed coastal lifestyle and family-friendly atmosphere. The suburb boasts a range of amenities, including shopping centres, cafes, restaurants, and recreational facilities. Popular spots include Q Super Centre and the local cafes along Markeri Street. The area is known for its beautiful parks and waterways, providing residents with plenty of outdoor activities such as boating and fishing. Mermaid Waters is considered safe and offers excellent access to schools and other essential services.
Population Growth
The population has seen steady growth over the years, from around 12,000 in 2016 to an estimated 13,500 by 2024. The suburb attracts a diverse mix of families, professionals, and retirees, contributing to its dynamic and inclusive community.
Property Market Trends
The property market in Mermaid Waters has shown significant growth over the past five years:
Sales Prices
House Prices
2019: $900,000
2024: $1,300,000
44% Growth increase
Unit Prices
2019: $480,000
2024: $720,000
50% Growth increase
Rental Market
Houses
Median Rent
2019: $650
2024: $950
46% Growth increase
Units
2019: $450
2024: $680
51% Growth increase
Rental Yield
The rental yield in Mermaid Waters remains attractive:
Houses
3.46%
Approximately in 2024.
Units
4.10%
Approximately in 2024
Mermaid Waters is a great place to live and invest
Overall, Mermaid Waters has experienced substantial growth and continues to be a highly desirable location due to its excellent amenities, beautiful natural environment, and strong community vibe. The property market remains robust, making it an ideal location for both living and investment.
