Get a property report and suburb profile for any property in Mermaid Waters

Mermaid Waters is a residential canal suburb centred on calm waterways just inland from Mermaid Beach and close to Broadbeach and Surfers Paradise. Its streets are defined by waterfront houses, canal-front blocks, tree-lined roads and pockets of low-rise apartments, giving a suburban but water-focused character. Local parks, playgrounds and neighbourhood shops support everyday life, and regular buses and main roads connect residents to the wider Gold Coast. The suburb is home to 13,088 people, with a median age of 40 and a typical household income of $1,766 a week.

The community is strongly weighted towards couples, with couple families with children at 41.0% and couple families without children at 40.5%, and owner-occupation is common with a combined owner-occupied share of 70.4%. Council attention is focused on Lake Hugh Muntz because of water quality issues, and studies and investigations are under way. Pizzey Park is also being progressed under a master plan with proposed new hub, courts, open lawn and improved entry and pathways.

By the numbers, housing in Mermaid Waters sits well above what a typical local household earned at the last Census. A median house price of $2,325,000 is about 25.3 times a typical local annual household income at the last Census, while the median unit price of $980,000 is about 10.7 times that annual income (annual household income used here is $1,766 a week multiplied by 52).

Rents are also a large share of local income: $1,300 a week for a house would take about 73.6% of a typical local household's weekly income at the last Census, and $800 a week for a unit about 45.3%. Whether that feels expensive will depend on your own income and circumstances and whether you plan to rent or buy.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

The most striking movement in Mermaid Waters over the past 12 months is house values, which climbed a strong 18.5%. Unit values also rose, up 9.6%, a solid gain, so capital growth was larger on the house side than the unit side this year.

Rents rose as well: house rents increased 8.3% and unit rents increased 6.7%, both solid rises but smaller than the jump in house values. If rental income is your focus, the rent figures are the ones that matter; if capital growth is your focus, the house value lift stands out. Whether that mix fits your goals and circumstances is for you to decide.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.