Get The Mermaid Beach Real Estate Snapshot
Each year, more and more Australians are deciding to improve their living standards and it's no surprise that Mermaid Beach real estate is growing in popularity as the place to do just this. Ranked 365th in Queensland, particularly when comparing median property value or capital gain over the past year, Mermaid Beach has it all.
Aside from its total dedication to making family living more attractive than anywhere else in Australia (with three themed 18-hole courses, a Jungle Trail, Fun Run and the Waterways Cove which offers exotic animals encounters, motorised obstacles courses and cruises along a water filled putting adventure), one of the biggest factors that you need to consider when deciding on buying real estate in Mermaid Beach is the pricing and understanding the features of this market. Here’s a snapshot of what the market looks like.
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Median Prices in Mermaid Beach
Over the past 12 months, data from 60 home sales indicate that the median sales price on houses was $1,565,000 with sellers offering an average of -6.3% off the asking price. When looking at this period 5 years ago, we see that the median house sales for houses has increased by 88.6% equating to a compound annual growth rate of 13.5%. This suburb has given investors the least paper return and thus indicates that it is one of the fastest appreciating suburbs in Queensland.
What of Mermaid Beach Units?
The median price on units in Mermaid Beach is $450,000 with an annual capital growth of 5.8%. The number of sales total is 258 and it has a weekly median advertised rent of $663. This suburb is in the top 30% as it has given investors an exceptional capital gain figure as compared to the rest of the state, with 6.71%.
That’s not all. When it comes to discounted listings, Mermaid Beach comes up to 195th in Queensland and part of the top 40% in this regard. As mentioned, property investors should expect to get $663 weekly from the median priced house in this suburb.