Mermaid Waters at a glance
14,316
People
$2,130,000
Median sale
$943/wk
Median rent
2.30%
Suburb gross yield
Median sale from 64 recorded sales (last 12 months) — a Districts calculation.
QLD › Mermaid Waters › Drayton Tce
$2,355,000
Last sold
26 June 2026
4
Bedrooms
2
Bathrooms
2
Car spaces
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
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
Last sold
$2,355,000
26 June 2026 · derived via latest_sale
Mermaid Waters at a glance
14,316
People
$2,130,000
Median sale
$943/wk
Median rent
2.30%
Suburb gross yield
Median sale from 64 recorded sales (last 12 months) — a Districts calculation.
Vs Mermaid Waters
+10.6%
Median sale
Suburb $2,130,000
-0.22 pp
Gross yield
Suburb 2.30%
Suburb median $2,130,000 from 64 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
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 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 exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
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
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
QLDPlanning 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.
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
No advertised rent is recorded. Suburb median rent $943/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
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.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
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.”
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
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
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNearby development applications are not loaded. This lot’s own applications are a separate question.
Honest achievable rent
KnownlowThis 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
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Mermaid Waters at a glance
14,316
People
$2,130,000
Median sale
$943/wk
Median rent
2.30%
Suburb gross yield
Median sale from 64 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by KolloscheOriginal Wide Water Holding with Upside Potential
This home was sold at Auction by Gypsea Youngsmith.
▪️Method of Sale: Auction
▪️Marketing Campaign: Targeted Digital, Social & Print
▪️Inspection Attendees: 50
▪️Enquiries: 81
▪️Registered Bidders: 7
▪️Days on Market: 23
For strategic advice on your next sales campaign, call Gypsea on 0424 544 485.
Tucked away in a highly desired pocket of Mermaid Waters, this supersized waterfront property presents a versatile upside opportunity for owner-occupiers and savvy investors alike. Cherished by the same family for nearly four decades, this much-loved home is now offered to the market for the very first time since 1988 as part of a deceased estate - a genuinely rare opportunity to secure a blue-chip waterfront holding that seldom, if ever, becomes available.
Outside you'll discover a lagoon-style pool wrapped in lush hedges that lend privacy, and a tiered rear yard with flat lawns where children and pets can run free. Rounding out the amenities are a double garage and a pontoon for easy access to the calm waterway.
Featuring characterful brick walls, soaring vaulted ceilings and a considerate floor plan, the charming home offers the dream canvas for a modern renovation. The elite holding also presents exceptional value for investors, with the potential for landbanking or sub-division, subject to council approval.
Mermaid Waters has quickly become one of the Gold Coast's most sought-after suburbs, favoured for its family-friendly atmosphere and proximity to key conveniences. Located in a desirable waterfront pocket, this address is less than 1km from Q Super Centre, and just 2.5km from the world-class retail precinct of Pacific Fair Shopping Centre. It also enjoys proximity to the patrolled surf, popular eateries and boutique stores of Nobby Beach, including The Oxley precinct, which are only 3.5km away.
Only slightly further afield at 3.7km away is the bustling heart of Broadbeach, which offers plenty of attractions from day to night. Families will relish being in the catchment for Miami State School and Miami State High School, and within an easy drive of leading private schools. Finally, proximity to major connecting roads like Bermuda Street and Gold Coast Highway ensures an easy commute north or south.
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 Gypsea Youngsmith, Kollosche — reproduced as published, not verified by Districts.