GET THE MERMAID WATERS REAL ESTATE SNAPSHOT
Mermaid Waters on the Gold Coast of Queensland is quickly becoming a synonym for idyllic paradise living with an excellent way of life and enviable return on investment opportunities.
With a ranking of 2877 in Australia by an increase in median property value over the quarter, it is no wonder that Mermaid Waters is a favourite in the region. The average vendor discount being achieved at the moment aims at a minimum of -5.97%, very attractive to investors aiming to score a bargain.
On the Gold Coast, Surfers Paradise might be the Cinderella, but Mermaid Waters outdoes this by portraying the most mythical of characters, the Little Mermaid.
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Welcome to Mermaid Waters
Mermaid Waters is a predominantly residential suburb surrounded by luxury homes beautifully situated along the canals and lakes. This suburb has increased in popularity amongst many buyers making Mermaid Waters an ideal real estate investment.
If you’re a savvy investor, this area is where you need to invest your money! One of the fastest growing suburbs in the Queensland market, Mermaid Waters is an area that offers waterfront living, an upgraded city infrastructure and leisure suburbs that are an instant attraction to buyers. The inner city feel is fast developing with new homes, townhouses and villas. Most of the older established homes have been bought and resold or renovated because of the ideal location of the suburb.
A Look At The Figures
The increases in property values in Mermaid Waters have tracked lower than most of Queensland at an average of 2.21% over the past year. The house median price ranges in the $858,250 range, an annual capital growth of 2.79% with a number of sales at 155 and a weekly median advertised rent of $720.
The rate at which property is being sold in Mermaid Waters is remarkable, with the area achieving an impressive average time real estate turnaround of 62.12 days. The sales price on houses in the last year were $870,000 based on 170 home sales, equating to a compound annual growth of 7.8%.
When it comes to rental yields, houses were at 4.2% based on 203 property rentals as well as 170 property sales in a year. Unit median prices are at $390,000, an annual capital growth of 2.14% and 183 sales and weekly advertised rent of $420.
Get to know the area better by downloading our market snapshot now!
Capturing the Elusive
It is not uncommon for many of us to have a difficult time finding a Mermaid Waters real estate company that really understands our needs. A frustration shared when it comes to understanding the real value of advertising a property. Luckily, at Duwayne Matting, we have the skills and experience and work extremely hard to get you the best results by exposing your property to the widest group of potential buyers in the most efficient, effective and budget friendly way possible. With the help of a meticulously developed and personalised marketing plan, we will position your property in front of the most relevant buyers ensuring the best possible outcome.
We are also mindful of budget and only spend in the areas we see the most value for your money. At the end of the day, we want to ensure your property gets as many potential buyers as possible through the process and in the end ensure that we get you a premium price for your property.