Mermaid Waters at a glance
14,316
People
$2,140,000
Median sale
$943/wk
Median rent
2.29%
Suburb gross yield
Median sale from 63 recorded sales (last 12 months) — a Districts calculation.
QLD › Mermaid Waters › Duet Dr
$839,000
For sale
Asking
2
Bedrooms
2
Bathrooms
1
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
Asking
$839,000
Asking
No recorded sale for this property.
Mermaid Waters at a glance
14,316
People
$2,140,000
Median sale
$943/wk
Median rent
2.29%
Suburb gross yield
Median sale from 63 recorded sales (last 12 months) — a Districts calculation.
Vs Mermaid Waters
-60.8%
Median sale
Suburb $2,140,000
+3.55 pp
Gross yield
Suburb 2.29%
Suburb median $2,140,000 from 63 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
$37,801 on top of the price (4.5% extra)
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.
Pre-filled with Mermaid Waters's advertised median rent — not a rent for this listing.
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.
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.
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
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
$2,140,000
Median sale
$943/wk
Median rent
2.29%
Suburb gross yield
Median sale from 63 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Harcourts Property HubProudly presented by Mitch Harrop, welcome to 17/55 Duet Drive, Mermaid Waters. Set within the James Place complex, this beautiful two-bedroom, two-bathroom apartment offers stylish, low-maintenance living with a resort-style pool and tropical gardens right outside your door.
At the heart of the home, the open-plan living and dining area creates a welcoming space, flowing seamlessly onto the balcony overlooking the complex pool. The kitchen has been thoughtfully refreshed with near-new, fixtures and fittings, complemented by updated lighting, ceiling fans, air-conditioning and a skylight that brings additional natural light into the kitchen space.
The master bedroom features plantation shutters, a walk-in wardrobe, VJ wall panelling and a stylish ensuite with barn door, while the second bedroom is generously sized, with a built-in wardrobe and exposed brick detailing. The main bathroom has also been updated with a new vanity and incorporates the internal laundry, with plantation shutters adding a polished finish.
Residents of James Place enjoy a resort-style pool, BBQ area and landscaped tropical gardens. Currently tenanted with move-in available in approximately six weeks, this updated apartment offers an excellent opportunity for owner-occupiers or investors seeking low-maintenance living close to shops, beaches and dining.
Body Corporate: Approx. $138 Per Week (temporary increase for new roof)
Council Rates: Approx. $1,000 Bi-Annually
Water Rates: Approx. $400 Per Quarter
Rental Appraisal: Approx. $800 - $825 Per Week
Boasting Property Features:
• Two-bedroom, two-bathroom apartment with single-car garage
• Currently tenanted with move-in available in approximately six weeks
• Light-filled open-plan living and dining area
• Private balcony overlooking the resort-style pool area
• Updated kitchen including all fixtures and fittings
• Air-conditioning and ceiling fans for added comfort
• Master bedroom with walk-in wardrobe and ensuite
• Updated main bathroom with new vanity and internal laundry
• Resort-style swimming pool, BBQ area and tropical landscaped gardens
• Secure single-car garage
Boasting Location Features:
• Sought-after Mermaid Waters location just minutes from the beach
• Within the catchment for Mermaid State School and Miami State High School
• Walking distance to local cafés, restaurants and public transport
• Minutes to Pacific Fair Shopping Centre and Broadbeach dining precinct
• Easy access to Mermaid Beach and the Gold Coast's stunning coastline
• Close to quality schools, childcare facilities and Bond University
• Convenient access to the Gold Coast Highway and major arterial roads
• Nearby parks, waterways, walking paths and recreational facilities
Why Choose Mermaid Waters?
Mermaid Waters is one of the Gold Coast's most sought-after suburbs, prized for its unbeatable lifestyle and central location. Offering a relaxed coastal atmosphere combined with everyday convenience, residents enjoy close proximity to pristine beaches, major shopping destinations such as Pacific Fair, and the vibrant dining and entertainment hubs of Broadbeach. The suburb is known for its leafy streets, waterways, parks and family-friendly feel, while still providing excellent access to public transport, quality schools and major road networks. With strong buyer demand, limited boutique complexes and enduring lifestyle appeal, Mermaid Waters continues to be a standout suburb for both owner-occupiers and investors.
For more information, contact the Number 1 Agent in Varsity Lakes & Robina, Mitch Harrop today!
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.
* denotes approximate measurements.
Listing description written by Mitch Harrop, Harcourts Property Hub — reproduced as published, not verified by Districts.
Also look at
U5, 41 Duet Dr, Mermaid Waters QLD 4218
2-bed unit. Currently listed.
3 Helm Ct, Mermaid Waters QLD 4218
3-bed house for sale. Currently listed.
U5, 34 Albicore St, Mermaid Waters QLD 4218
3-bed house. Currently listed.
U8, 9 Jodie Ct, Mermaid Waters QLD 4218
3-bed townhouse. Asking $1.05M.