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QLD › Mermaid Beach › Gold Coast Hwy

4/2342-2358 Gold Coast Hwy, Mermaid Beach QLD 4218

For saleUnit

$879,000

For sale

Asking

3

Bedrooms

2

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $879,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $879,000(Listing record · 29 Apr 2026)
  • CalculationAsk is 75% below the Mermaid Beach median recorded sale ($3,510,000, n=21, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Mermaid Beach's advertised median rent ($929/wk), implied gross yield would be 5.50% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$879,000

Asking

No recorded sale for this property.

Mermaid Beach at a glance

7,183

People

$3,510,000

Median sale

$929/wk

Median rent

1.38%

Suburb gross yield

Median sale from 21 recorded sales (last 12 months) — a Districts calculation.

See the full Mermaid Beach report →

Vs Mermaid Beach

-75.0%

Median sale

Suburb $3,510,000

+4.12 pp

Gross yield

Suburb 1.38%

Suburb median $3,510,000 from 21 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$879,000
Stamp Duty (Queensland)
$32,580
Transfer/Registration Fee
$3,507
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$918,787

$39,787 on top of the price (4.5% extra)

  • Stamp Duty (Queensland)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Queensland schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Mermaid Beach's advertised median rent — not a rent for this listing.

Net yield
4.00%
Annual cashflow (pre-tax)
$-10,585
Interest cover (DSCR)
0.77
Annual rent
$48,308
Operating expenses
$13,185
Loan amount
$703,200
Annual interest
$45,708
Gross yield
5.50%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

For more information on this property, visit Queensland Globe↗.

Records

Property history

  1. Listed$879,000available29 Apr 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

QLD

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $929/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 5.5%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded. This lot’s own applications are a separate question.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Mermaid Beach in one glance

Mermaid Beach at a glance

7,183

People

$3,510,000

Median sale

$929/wk

Median rent

1.38%

Suburb gross yield

Median sale from 21 recorded sales (last 12 months) — a Districts calculation.

See the full Mermaid Beach report →

Keep researching

  • Why Mermaid Beach? Read the area thesis →
  • What else is on the market in Mermaid Beach →
  • Other records on Gold Coast Hwy →

Listing material

Listed by Kollosche

Endless Holiday Lifestyle

Looking for a lucrative set-and-forget investment or perpetual holiday lifestyle? It's waiting for you here at popular Turtle Beach Resort. Situated only a short stroll from beaches, shops and vibrant dining precincts, this light-filled ground floor apartment represents an enticing opportunity. Set within a gated complex with onsite security and superb amenities, it offers peace of mind alongside a location and lifestyle of supreme convenience and appeal, perfect for those seeking reliable returns or a lock-and-leave retreat.

Impeccably presented, the interiors are fresh, functional and designed for easy living. A modern kitchen with sleek finishes and quality appliances anchors the open plan living and dining zone before flowing onto a front courtyard. Framed by lush greenery, it's a serene setting to relax. Temptingly, a second terrace awaits, accessible via one of the three bedrooms and offers a private alfresco to unwind. Additionally, enjoy a master suite with ensuite, while a combined bathroom/laundry services the rest of the apartment.

Parking for one car is provided – however you may not want to leave the confines of the resort. Residents relish access to an impressive array of amenities, including multiple pools and spas (with a dedicated adults' retreat), a kids waterpark, tennis court, gym, sauna, mini golf course, games room, BBQ areas and even a cinema. A poolside restaurant and bar and a dedicated Kids Club add to the holidaymaker appeal, plus with the apartment being sold fully furnished, it represents a true turn-key purchase opportunity.

Read the full description

The Highlights:

- Light and bright ground floor apartment in popular Turtle Beach Resort, within easy walking distance of the beach, shops, and dining options

- Gated complex with onsite security

- Easy-care, impeccably presented and maintained 99m2 floorplan with two alfresco areas

- Being sold fully furnished for a true turn-key purchase opportunity

- Modern kitchen blends style and practicality, equipped with sleek finishes and quality appliances

- Open plan living and dining zone flows onto the front courtyard, with a lush and leafy outlook

- Master suite features a built-in robe and ensuite

- Two additional bedrooms; one with a built-in robe and one with a private rear terrace

- Combined bathroom/laundry with separate toilet

- Basement car park for one car

- Onsite amenities include multiple resort pools and spas (including an adult retreat), kids waterpark, tennis court, gym, mini golf, games room, cinema, gym, sauna, BBQ areas

- Poolside restaurant and bar plus a Kids Club

- Fantastic option whether seeking a lucrative set-and-forget investment or perpetual holiday lifestyle

Embrace a lifestyle where the coastline is within easy reach, be it for a morning surf, afternoon ocean swim or a casual stroll at dusk. There's no shortage of options nearby too for your daily caffeine fix, complemented by the vibrant dining scenes of Mermaid and Nobby Beach for a relaxed lunch or gourmet dinner. Offering a dynamic mix of restaurants, bars and casual eateries – including firm local favourite The Oxley – there's something to suit all tastes. Additionally, benefit from being only 230m from Mermaid Metro Plaza, which includes a supermarket and chemist, and being within 2.5km of the excitement of Pacific Fair and The Star. Connectivity is seamless too, with ample public transport on your doorstep, including the G-Link light rail providing swift access north or south, while Gold Coast Airport awaits approx. 22km away.

Whether you're chasing a set-and-forget investment or a perpetual holiday lifestyle, this is a compelling offering in a location that continues to perform. Maximise this opportunity before it's too late - contact Cooper Markovitch on 0434 498 243 or Simon D'Antino on 0409 337 920 today.

Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.

Listing description written by Simon D'Antino, Kollosche — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Built-in Robes
  • Dishwasher
  • Outdoor Entertaining
  • Pool
  • Secure Parking

Also look at

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Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.