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.
QLD › Mermaid Beach › Petrel Ave
$765,000
For sale
Asking
1
Bedrooms
1
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
$765,000
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.
Vs Mermaid Beach
-78.2%
Median sale
Suburb $3,510,000
+4.93 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.
$34,145 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 Beach'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 $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.
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 6.3%. 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 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.
Listing material
Listed by COASTAL °Positioned just 150 metres from the golden sands of Nobby's Beach, this beautifully presented one-bedroom apartment offers the ultimate coastal lifestyle with exceptional flexibility. Whether you're searching for a smart investment, an effortless holiday let, a luxurious weekend escape or a place to call home, this fully furnished residence delivers on every front.
Situated on the second floor of the tightly held Beaches on Wave Street, a boutique complex of just 36 apartments on a 2,023m2 coveted corner block, this light-filled residence offers functional low-maintenance living. With vacant possession available, you can start enjoying the property immediately or maximise its income potential from day one.
Inside, the spacious open plan living area provides ample room for both relaxing and dining, flowing seamlessly onto a private north-east facing balcony where you can enjoy the morning sunshine and cooling sea breezes. The functional kitchen is well-equipped with quality appliances, generous storage and everything needed for easy everyday living or holiday accommodation.
The generously sized bedroom features built-in robes and a ceiling fan, while the full-size bathroom includes a bathtub, concealed laundry facilities and a practical layout designed for comfort and convenience. Split system air conditioning ensures year-round comfort, completing an apartment that's ready to enjoy from the moment you arrive.
Residents of Beaches on Wave Street enjoy the peace of a secure building complete with intercom access, secure underground parking and resort-style facilities including a sparkling pool and relaxing spa.
The location is simply second to none. Start your mornings with a stroll to the beach, spend your afternoons surfing or swimming at the nearby patrolled beaches, then wander to some of the Gold Coast's most celebrated dining destinations including Lars, Baby Mamasan, Bine and The Oxley. Everything that makes Nobby's Beach one of the Gold Coast's most sought-after coastal villages is right on your doorstep.
Better still, leave the car securely parked at home and take advantage of the nearby light rail station, providing effortless access from Burleigh Heads through to Helensvale. Whether you're investing in lifestyle, income or both, this is an exceptional opportunity to secure a premium beachside apartment in one of the Gold Coast's most desirable locations.
Key Features
• Fully furnished one-bedroom, one-bathroom apartment
• Boutique complex of only 36 apartments on a 2,023m² corner site
• Positioned on the second floor of a three-storey walk-up in Beaches on Wave
• Outstanding investment, holiday let, weekender or permanent residence
• Currently operated as a successful holiday let with vacant possession available
• Spacious open plan living
• Functional kitchen with quality appliances and excellent storage
• North-east facing covered balcony
• Full-size bathroom complete with bathtub
• Concealed laundry facilities
• Split system air conditioning
• Generous bedroom with built-in robes and ceiling fan
• Secure underground parking for one vehicle
• Secure complex with intercom entry
• Resort-style swimming pool and spa
• Approximately 150 metres to the beach, surf clubs and patrolled swimming
• Walk to Lars, Baby Mamasan, Bine, The Oxley and Nobby's vibrant café precinct
• Easy walk to the Nobby's Beach light rail station connecting Burleigh to Helensvale
Property Specifics:
• Council Rates: $1,492.99* per half year
• Water Rates: $501.99* per quarter
• Rental Appraisal: Estimated rental income of $750* per week
• Body Corporate: $160* per week (a 20% discount has already been applied to this amount for prompt payment)
*Approx.
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.
Listing description written by Guy Powell, COASTAL ° — reproduced as published, not verified by Districts.
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