Mermaid Waters, QLD 4218
Gold Coast City CouncilAll suburbs in postcode 4218
Updated
Median house price
$1,800,000
ABS statistical area (SA2) median · 2024
An SA2 can take in surrounding localities, so this can differ from sales in Mermaid Waters itself.
Selling in Mermaid Waters?
Get the free selling guide, personalised to Mermaid Waters, or ask for a free appraisal from a local agent.
Mermaid Waters at a glance
- Median unit
- $800,000
- Weekly rent
- $1,175
- Houses · units $800
- Population
- 13.1k
- Median age 40
Prices: ABS statistical area (SA2) median · 2024 · Rent: Queensland RTA bond data, June 2026 · Population: 2021 Census
House prices in Mermaid Waters
Across the ABS statistical area that takes in Mermaid Waters, houses changed hands at $1,800,000 in 2024, well above the Queensland median. An SA2 can take in surrounding localities, so this can differ from sales in Mermaid Waters itself. Units come in around $800,000, roughly 56% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $360,000. Prices sit well above the Queensland median, so plan for a stretched deposit and shop carefully on borrowing capacity.
Rental data as of June 2026· Queensland RTA bond data
Free appraisal in Mermaid Waters
What’s your home worth in Mermaid Waters?
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What to know about Mermaid Waters
Mermaid Waters (4218) sits in the Gold Coast region of Queensland. The median house here is $1,800,000, well above the Queensland median of around $780K.
Mermaid Waters has roughly 13,088 residents, with a typical family-age mix. Households are mostly owner-occupied. Daily life is car-dependent: most residents drive to work, school and the shops.
What it’s like to live here
Mermaid Waters scores 2/100 on walkability, which makes it car-dependent with limited public transport. Plan for two cars in a typical household, especially if work isn't local.
Summer days here average around 29°C (warm), winter mornings around 10°C (mild). Annual rainfall lands at about 1,387 mm. Figures are our 1991 to 2020 averages of SILO data for this location (Queensland Government, built from Bureau of Meteorology observations).
Schooling within or near the suburb covers 8 government primary, 4 government secondary, 5 Catholic, 2 independent.
Schools in Mermaid Waters
Location
Walkability
- Walk
- 2/100
- Transit
- 0/100
- Bike
- 100/100
Very car dependent. Scores out of 100, calculated from OpenStreetMap data (ODbL).
Walkability data as of May 2026· OpenStreetMap
Demographics
The 2021 Census put Mermaid Waters's population at 13,088, with a median age of 40. That sits as a typical family-age mix. Households are mostly owner-occupied (69% own, 29% rent), which shapes everything from school catchment stability to how often properties turn over. The household mix skews family-dominated (70% family households, 24% lone person), so amenity decisions tend to follow what families want: parks, schools, supermarkets.
- Family households
- 70%
- Lone person
- 24%
- Owner occupied
- 69%
- Renter occupied
- 29%
Demographics data as of May 2026· ABS 2021 Census
Investment overview
Gross rental yield on houses sits at 3.39% (median rent $1175/wk against a $1,800,000 price tag). Units yield 5.20% gross, often the better cash-flow play for first-time investors. Renter share is modest (29%), so the rental pool is smaller and tenant demand can be patchier than in higher-density suburbs.
- Gross yield, housesSource: ABS Data by Region (SA2-level, 2024) · Dec 2024
- 3.39%
- On the $1,800,000 median
- Gross yield, unitsSource: ABS Data by Region (SA2-level, 2024) · Dec 2024
- 5.20%
- On the $800,000 median
Gross rental yield is a year’s rent divided by the purchase price, before expenses. It leaves out vacancy, management fees, maintenance and financing costs, so treat it as a starting point.
Crime and safety
134,060 offences recorded in 2026 across the Gold Coast City Council LGA
QLD Police publishes these figures only for the whole Gold Coast City Council, which may include suburbs with very different crime profiles. Quieter residential pockets likely have lower rates than the total suggests; busier areas may have higher.
Top offence categories
Source: State Police Open Data
Weather year-round
- Annual rainfall
- 1,387 mm
- Hottest month, avg max
- 29.3°C
- Coldest month, avg min
- 10.3°C
Rainfall by month
Our 1991 to 2020 averages of SILO data (Queensland Government, built from Bureau of Meteorology observations, CC BY 4.0) for this location.
Climate data as of October 2026· SILO (Queensland Government), from Bureau of Meteorology observations
Questions about Mermaid Waters
- What is the median house price in Mermaid Waters?
- The median house price for the ABS statistical area (SA2) that takes in Mermaid Waters, QLD 4218 is $1,800,000 (2024). An SA2 can take in surrounding localities, so this can differ from sales in Mermaid Waters itself. The median unit price is $800,000.
- How much is my house worth in Mermaid Waters?
- A useful starting point is the Mermaid Waters median house price of $1,800,000 (units $800,000). Your home will sit above or below that depending on land size, condition, position and what comparable homes nearby have sold for recently. For a figure specific to your property, request a free property appraisal from a local agent using the form on this page.
- Is Mermaid Waters a good investment?
- On the published figures, the gross rental yield on houses in Mermaid Waters is 3.4%: the median weekly house rent is $1,175 (Queensland RTA bond data, June 2026) against the ABS statistical area (SA2) median house price of $1,800,000 (ABS, 2024), which can take in surrounding localities. No 12-month price change is published for Mermaid Waters: the ABS figures we hold do not measure one. Whether Mermaid Waters is a good investment for you depends on the price you pay, your loan and holding costs, vacancy and your tax position. These are published market figures, not financial advice.
- What is the Mermaid Waters postcode?
- Mermaid Waters is in the 4218 postcode, in QLD, in the Gold Coast City Council region.
- Where is Mermaid Waters?
- Mermaid Waters is a suburb in the Gold Coast City Council area, QLD 4218.
- What is the average rent in Mermaid Waters?
- The median weekly rent for houses is $1175, for units it's $800.
- What schools are in Mermaid Waters?
- There are 20 schools serving Mermaid Waters on this page, including Merrimac State High School, Miami State School, Broadbeach State School.
- How walkable is Mermaid Waters?
- Mermaid Waters has a Walk Score of 2 out of 100, highly car-dependent. transit score 0, bike score 100.
- What suburbs are near Mermaid Waters?
- Mermaid Waters is close to Rialto, Rio Vista, Q Supercentre, Mermaid Keys, Mermaid Beach.
- What is the population of Mermaid Waters?
- The population of Mermaid Waters is approximately 13,088 (2021 Census). The median age is 40.
Selling in Mermaid Waters? Get the free selling guide
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Sources. House and unit medians from the NSW Valuer General, Land Victoria, the SA Government and the ABS; rents from the state rental bond authorities. Census from the ABS (2021), climate from the Bureau of Meteorology, hazard from Geoscience Australia, schools from ACARA and crime from state police open data. Each figure carries its source and date. How we source data
How we’re paid. The guides and this page are free. When a seller asks, we introduce one local agent, and the agent pays us a flat fee for the introduction, never a share of their commission; it costs the seller nothing. If a figure looks wrong, tell us and we’ll fix it.