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QLD › Mermaid Waters › Oceanic Dr

87 Oceanic Dr, Mermaid Waters QLD 4218

For saleHouse for Sale

$1,795,000

For sale

Asking

4

Bedrooms

4

Bathrooms

4

Car spaces

600 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,795,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,795,000(Listing record · 22 June 2026)
  • FactLand 600 m²; no building size recorded.(Property record)
  • CalculationAsk is 16% below the Mermaid Waters median recorded sale ($2,130,000, n=64, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Mermaid Waters's advertised median rent ($943/wk), implied gross yield would be 2.73% — 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

$1,795,000

Asking · $2,992/m² of land

No recorded sale for this property.

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.

See the full Mermaid Waters report →

Vs Mermaid Waters

-15.7%

Median sale

Suburb $2,130,000

+0.43 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.

Total cost to purchase

Purchase Price
$1,795,000
Stamp Duty (Queensland)
$83,738
Transfer/Registration Fee
$7,791
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
$1,890,229

$95,229 on top of the price (5.3% 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 Waters's advertised median rent — not a rent for this listing.

Net yield
1.23%
Annual cashflow (pre-tax)
$-71,229
Interest cover (DSCR)
0.24
Annual rent
$49,036
Operating expenses
$26,925
Loan amount
$1,436,000
Annual interest
$93,340
Gross yield
2.73%

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$1,795,000available22 June 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 $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.

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 2.7%. 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 Waters in one glance

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.

See the full Mermaid Waters report →

Keep researching

  • Why Mermaid Waters? Read the area thesis →
  • What else is on the market in Mermaid Waters →
  • Other records on Oceanic Dr →

Listing material

Listed by COASTAL °

Lifestyle with potential homework business opportunity

Nothing to do here but sit back and relax comfortably, in this gem of a home positioned in the popular Mermaid Waters. Stunning low level contemporary home with a guaranteed low-cost lifestyle all the way. Surrounded by beautiful, landscaped gardens with water feature, gazebo, eco decking and breath-taking north facing family size pool, this home is a genuine "must see" for anyone looking to truly embrace the Gold Coast lifestyle.

Walking distance to great schools, local shops, yoga studio, Pizzey Park, and the trendy cafe/bar culture in Nobbys or why not take a stroll down to the Miami Marketta and embrace the multi-cultural street foods and atmosphere on your weekends. Less than 2km to the beach, 2 minutes from rejuvenated Pacific Fair , Q1 shopping centre, everything is literally at your doorstep.

Vacant possession - property is immediately available upon sale.

Read the full description

Property features:

• 3 large bedrooms

• 4-th bedroom with separate entry - possibility to use as guest bedroom/office space with ensuite ideal for work from home business, Airbnb or to spoil your teenager.

• 4 bathrooms -3 ensuite plus family bathroom

• Gourmet Kitchen with stunning stone island, walk in pantry, and quality Bosch appliances

• Ducted air conditioning plus reverse- cycle system plus ceiling fans

• Dining and living areas flowing seamlessly onto tranquil low maintenance fully irrigated gardens with gazebo

• North facing front yard within large ground salt pool and eco deck

• Very rare accommodation for three cars carport plus bonus separate single garage/ lock up / workshop potential extra living space.

• Fully fenced secure 600 m2 block extremely easy maintenance

• Crim Safe security screens on doors and windows

• 5KW Solar system

Property will be sold on auction if not sold prior, for further information's please contact Nenad on 0410 174 604 anytime.

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 Nenad Simeunovic, COASTAL ° — reproduced as published, not verified by Districts.

Property features

  • Ensuites: 3
  • In-Ground Pool
  • Toilets: 4
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.