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 › Karbunya St
$2,700,000
Last sold
26 Nov 2025
4
Bedrooms
2
Bathrooms
3
Car spaces
806 m²
Land
199 m²
Building
Districts View
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
$2,700,000
26 Nov 2025 · derived via latest_sale
Local land rate: recorded House sales in Mermaid Waters (last 5 years) with land size have a median of $2,844/m² of land (n=65). Districts calculation from recorded sales — not a valuation.
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
+26.8%
Median sale
Suburb $2,130,000
-0.48 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 COASTAL °AUCTION IN ROOMS WEDNESDAY 26th NOVEMBER at 11:00AM
Venue: Level 1, 16 Queensland Ave Broadbeach (Coastal Building)
Deposit: 5% payable within 2 business days
Settlement: Between 19th January to 23rd January 2026
To register prior to auction; Email: teamstephens@coastal.com.au or SMS 0402 888 397
*If bidding on behalf of another party or via the phone, please indicate so we can make the appropriate arrangements.
Note: Offers prior to auction will presented, however, not accepted, as the Sellers are proceeding to auction.
MASSIVE DEVELOPMENT OPPORTUNITY IN A HOT LOCATION!
Perfectly positioned in one of the Gold Coast's most sought-after coastal pockets, 5 Karbunya Street offers an exceptional opportunity for astute buyers, developers, or those seeking the ultimate beachside lifestyle. Sitting proudly on a generous 806m² corner block, this address is all about location, just 650m walking distance from Nobby Beach, vibrant dining precincts, premier sporting facilities and convenient transport options connecting you to the rest of the city.
With dual street access, 9m maximum building height and potential for a duplex or triplex development (subject to council approval), this property is ready for its next exciting chapter. Whether you renovate, rebuild, or redevelop, the future is bright in this tightly-held enclave.
This property is going to Auction on Wednesday 26th November at 11am in-rooms. If not sold prior!
(Level 1, 16 Queensland Ave, Broadbeach - Coastal Building)
Redevelopment & Location Highlights:
- 806m² corner block
- Dual driveway access - ideal for redevelopment
- Duplex/triplex potential (STCA)
- 9m height limit offering multi-level design options
- 650m to Nobby Beach & Nobby Surf Club
- 600m to The Oxley 1823 dining precinct, restaurants & boutique cafes & shops
- 250m to tram stop for easy travel North & South
- 700m to Waterways Shopping Village (IGA, chemist, bakery & more)
- Short walk or ride to Pizzey Park - premier sports & recreation hub
Notable Features:
- 4 bedrooms (4th would be ideal as a study or bedroom)
- 2.5 bathrooms (main ensuite + family bathroom + powder room)
- 2 living areas - one with cosy fireplace and both separated by beautiful arched ceilings
- Well-appointed kitchen with stone bench tops, induction cooktop, smeg dishwasher, Bosch oven and walk-in pantry
- Spacious main bedroom with walk-in robe, main ensuite has double basins, shower, spa bath and toilet
- Second bathroom has bath/shower and toilet
- Air-conditioning in main living, main bedroom & 4th bedroom/study
- Fully fenced swimming pool
- 7 Solar panels
- Undercover patio, perfect for morning coffee
- Separate laundry with ample storage
- Lush landscaped gardens & 3m x 3m shed
- Secure parking: 2-car garage + workshop + carport + gated additional space
Financials:
- Council rates $3,192 (approx. per annum)
- Water rates $1,480 (approx. per annum)
- Projected rental of $1,500 - $1,600 (approx. per week)
Travel to:
- Nobby Beach Surf Club - 650m
- Nobby Beach - 650m
- The Oxley 1823 village market & dining - 600m
- Waterways Shopping Village - 700m
- Pizzey Park Sports Precinct - 1.4km
- Miami State School / Miami High - within minutes
- Pacific Fair Shopping Centre - 2.5km
- The Star Casino - 3.5km
- Broadbeach dining & entertainment - 3.5km
- Bond University - 5.6km
- Gold Coast Airport - 20km
- Tram & bus stops - 250m
A cherished family home today with enormous future potential, whether you update, invest, or design your dream coastal development, this exceptional location ensures strong long-term value. Opportunities like this in Mermaid Waters are truly rare.
For further information on this property please contact Grant & Cassandra Stephens on 0402 888 397 or email teamstephens@coastal.com.au.
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein. This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.
Listing description written by Grant & Cassandra Stephens, COASTAL ° — reproduced as published, not verified by Districts.