Districts
SuburbsBlogSearch
|My DistrictsMy AreasSavedAlerts
Sign inGet started
Districts
SuburbsBlogSearch
|My DistrictsMy AreasSavedAlerts
Sign inGet started

QLD › Mermaid Beach › Gold Coast Hwy

U15, 2342-2358 Gold Coast Hwy, Mermaid Beach QLD 4218

For saleUnit

$839,000

For sale

Asking

2

Bedrooms

2

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $839,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $839,000(Listing record · 5 Aug 2026)
  • CalculationAsk is 76% 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 5.76% — 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

$839,000

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

-76.1%

Median sale

Suburb $3,510,000

+4.38 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
$839,000
Stamp Duty (Queensland)
$30,780
Transfer/Registration Fee
$3,321
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
$876,801

$37,801 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
4.26%
Annual cashflow (pre-tax)
$-7,905
Interest cover (DSCR)
0.82
Annual rent
$48,308
Operating expenses
$12,585
Loan amount
$671,200
Annual interest
$43,628
Gross yield
5.76%

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$839,000available5 Aug 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 5.8%. 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 Ray White Malan + Co

Ground Floor 2-Bedroom Apartment close to the Adult pool

The Trent Hones Team proudly presents Unit 15, a ground-floor, two-bedroom apartment within the highly sought-after Turtle Beach Resort. Perfectly positioned just moments from the adults-only pool, this well-appointed apartment offers the ideal combination of privacy, convenience, and relaxed resort-style living in the heart of Mermaid Beach.

Designed for effortless living, the apartment showcases stylish flooring throughout, with the well-appointed kitchen flows seamlessly into the dining and living areas. A thoughtfully designed floorplan provides excellent separation between the living spaces and bedrooms, with both generously sized bedrooms privately positioned at the opposite end of the apartment. The spacious master bedroom provides a private retreat, complete with its own ensuite and private balcony. A peaceful space to start the day with a morning coffee or relax and enjoy the fresh coastal breeze.

Whether you're searching for a permanent residence, a holiday home, or a high-performing investment, this property delivers exceptional versatility. Located just a short stroll from the beach, popular cafes, restaurants and shopping precincts, Combining resort-style living with a prime beachside location, Unit 15 presents an exceptional opportunity to enjoy the best of Mermaid Beach while benefiting from the suburb's enduring rental demand and investment appeal.

Read the full description

Property Features:

• Ground-floor apartment within the highly sought-after Turtle Beach Resort

• 2 generously sized bedrooms, including a private ensuite to the main bedroom

• Two modern, well-appointed bathrooms

• Functional kitchen with ample bench space and storage

• Convenient internal laundry

• Secure undercover car space

• Fully furnished with furniture package included

• Stylish updated flooring throughout

• Prime location just a short stroll to Mermaid Beach, cafes, restaurants and Pacific Fair Shopping Centre

• Access to Turtle Beach Resort's premium facilities, including multiple pools, gym, tennis court, mini golf and tropical landscaped gardens

Facilities, including:

• Four resort pools and spas, including an adults-only retreat

• Splash zone waterpark featuring slides, water cannons, and splash bucket

• Poolside restaurant and bar

• Tennis court

• 15-hole mini golf course

• Seven BBQ areas

• Kids club and games room

• Private 22-seat cinema

• Fully equipped gym and sauna

• Secure basement parking

• Gated complex with onsite security

Outgoings:

• Body Corporate: Approx. $182 per week

• Council Rates: Approx. $1,530 per 6 months

• Water Rates: Approx. $450 per quarter

• Rental Appraisal: Approx. $800 - $850 per week

Enjoy a short stroll to the beach, local shops, cafes, and dining, with easy access to Pacific Fair, The Star Casino, The Convention Centre, Broadbeach, and Nobby Beach. Mermaid Beach remains one of the Gold Coast's most desirable locations. With Stage 3 of the Light Rail passing directly past Turtle Beach Resort and a stop directly out the front, a Woolworths just 200m away, and some of the city's best dining options nearby, this suburb continues to grow in popularity and investment potential.

Mermaid Beach stands out as one of the Gold Coast's most tightly held and desirable suburbs, prized for its absolute beachfront positioning, limited supply, and premium lifestyle appeal. With strong demand from buyers and a proven track record of capital growth, the suburb continues to benefit from ongoing development and lifestyle migration, making it a compelling choice for those seeking both an exceptional place to live and a smart long-term investment.

Don't miss this opportunity, Give the team a call today for more information and discover all that apartment 15 has to offer - Trent Hones Team 0430 489 711

Disclaimer: We have, in preparing this information, used our best endeavours to ensure that the information contained herein is true and accurate; however, we accept no responsibility and disclaim all liability for any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein. *Denotes approximate measurements.

Listing description written by Trent Hones, Ray White Malan + Co — reproduced as published, not verified by Districts.

Also look at

Also for sale in Mermaid Beach

  • U604, 2265 Gold Coast Hwy, Mermaid Beach QLD 4218

    3-bed apartment. Asking $3.95M.

    For sale
  • U20, 2342-2358 Gold Coast Hwy, Mermaid Beach QLD 4218

    2-bed apartment. Asking $845K.

    For sale
  • U18, 2341 Gold Coast Hwy, Mermaid Beach QLD 4218

    2-bed apartment. Asking $1.05M.

    For sale
  • 235/2360 Gold Coast Hwy, Mermaid Beach QLD 4218

    2-bed unit. Currently listed.

    For sale
Districts

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

Research

  • Property search
  • Suburb profiles
  • Blog
  • Calculators
  • Follow suburbs
  • Sign in

Learn

  • How we use data
  • What's covered
  • Questions
  • Who it's for
  • Access

Company

  • About
  • Contact
  • support@districts.com.au

Legal

  • Privacy
  • Terms

© 2026 Districts

districts.com.au

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