Mermaid Waters
Canal-front prestige with a $1.97M median house price — up 9.3% in 12 months, homes selling in 39 days.
Mermaid Waters (QLD 4218) remains one of the Gold Coast's most consistently high-performing canal suburbs. CoreLogic data for the 12 months to December 2025 shows a median house price of $1.97M — up 9.3% year-on-year — with 190 houses changing hands in an average of just 39 days. The bedroom breakdown underlines the depth of demand: 3-bedroom homes achieved a median of $1.68M (55 sales), 4-bedroom homes $2.25M (87 sales) and 5-bedroom homes $2.96M (36 sales) in the year to June 2026. The unit market is equally firm, with a median of $890,000 (+7.9%) and apartments selling in around 15 days. Roughly 69% of residents are owner-occupiers, anchoring a stable, tightly held market.
Recent Notable Sales
- 84 Oceanic Drive — $7.7M (March 2024, suburb record)
- 43 Markeri Street, 'The White House' — $7.3M at auction (November 2023)
- 7 Intrepid Drive — $6.0M (2026)
- 27 Cadence Avenue — $3.6M (2026)
Rental Market & Investment
Houses rent for a median of $1,200 per week (3.3% gross yield) and units $792 per week (4.7%), with vacancy around 2.6%. Two-bedroom units cleared at 73% at auction over the past year, and apartments sell in roughly 15 days — among the fastest on the Coast. Investor demand is underpinned by the suburb's rare combination of waterfront land value and strong rental depth.
Demographics & Community
Mermaid Waters is home to 13,088 residents — up 8.7% between censuses — with a median age of 40. Around 69% of homes are owner-occupied, 41% of families have children at home, and median household income is $1,766 per week: an established, family-anchored community with deep ownership roots.
Lifestyle & Amenities
Twenty-three parks cover more than 7% of the suburb, wrapped around Lake Hugh Muntz and an extensive canal network. Pacific Fair and Q Super Centre are minutes away, the beach is under 2km, and Broadbeach's dining precinct sits on the doorstep. A strong knockdown-rebuild trend continues to lift the quality of housing stock year on year.
Schools & Education
The suburb falls within the Miami State School catchment — the school itself sits inside Mermaid Waters — and Merrimac State High School for secondary years, with the Gold Coast's leading private schools a short drive away.
Performance Outlook
From $750,000 in 2016 to $1.97M today, Mermaid Waters has compounded at roughly 10.6% a year for a decade. With around 320 sales annually, sub-40-day selling times and owner-occupancy near 70%, the fundamentals point to continued depth at both the family and prestige ends of the market.
Market Snapshot
Price Performance
Location
Frequently Asked Questions
What is the median house price in Mermaid Waters?
The median house price in Mermaid Waters is $1.97M (CoreLogic, 12 months to December 2025), up 9.3% year-on-year. Units median $890,000, up 7.9%. By bedroom count: 3-bedroom homes $1.68M, 4-bedroom $2.25M and 5-bedroom $2.96M.
Is Mermaid Waters a good suburb to invest in?
Mermaid Waters has compounded at roughly 10.6% a year for a decade, rising from $750,000 in 2016 to $1.97M in 2026. With around 320 sales annually, homes selling in 39 days, vacancy near 2.6% and 69% owner-occupiers, it combines waterfront land value with strong rental depth — gross yields are 3.3% for houses and 4.7% for units.
How quickly do properties sell in Mermaid Waters?
Houses sell in around 39 days on average, and apartments in roughly 15 days — among the fastest on the Gold Coast. Two-bedroom units cleared at 73% at auction over the past year.
What schools serve Mermaid Waters?
Mermaid Waters falls within the Miami State School catchment — the school sits inside the suburb — with Merrimac State High School for secondary years and the Gold Coast's leading private schools a short drive away.
What is living in Mermaid Waters like?
Mermaid Waters is a canal suburb wrapped around Lake Hugh Muntz, with 23 parks covering more than 7% of the suburb. Pacific Fair and Q Super Centre are minutes away, the beach is under 2km, and Broadbeach's dining precinct is on the doorstep. About 13,088 people live here, with a median age of 40.