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 › Peerless Ave
$1,275,000
For sale
Asking
3
Bedrooms
2
Bathrooms
2
Car spaces
101 m²
Land
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
$1,275,000
Asking · $12,624/m² of land
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
-63.7%
Median sale
Suburb $3,510,000
+2.41 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.
$62,908 on top of the price (4.9% 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 3.8%. 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 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 Harcourts Property HubIf you're looking for a premium location in one of the Gold Coasts most prestigious Beachside suburbs, Mermaid Beach, then look no further than this modern 3-bedroom apartment, located approx. 300m from the surf and sand.
Located just off Millionaires row, this is your opportunity to secure one of the best value 3 bedroom beachside apartments located in the heart of it all. This sun-drenched light and bright north facing property encapsulates the essence of a Queensland lifestyle by the beach.
Whether you're looking for your first home, downsizing or astutely investing, this location will not disappoint. With Lift access from the secure basement to your front door, this unique boutique residential building is perfectly positioned to enjoy the best the Gold Coast has to offer.
Perched on the 7th level of “NEO” apartments, right on the border of Mermaid Beach and Broadbeach, this 7-year-old development comprises of only 32 units, with this neat 3-bedroom apartment Featuring :
- Open-plan, seamless flow from kitchen to living/dining and large North facing balcony offering an Ocean View.
- Stylish kitchen with stone benchtops, breakfast bar, modern appliances & dishwasher
- 3 generous bedrooms with built in robes.
- Master bedroom with Ensuite and double vanity
- 2nd Modern bathroom and separate European laundry.
- Air Conditioning
- Stunning City Skyline views from all bedrooms and the sun-drenched balcony by day, and a fairyland of lights at night.
- Rooftop garden terrace with barbecue entertaining area boasting stunning ocean and hinterland views
- 2 Side by side Secure underground parking spaces with lockable storage cage
- Security entry, and secure elevator access to your designated floor
- Pet-friendly!
And on top of all of this, there's a host of World-Class amenities on your doorstep!
Put away the car and walk to everything, or take your bike for a leisurely ride along the beachfront foreshore parks and pathways, stretching from the end of your street 11km North to the Spit Main Beach.
This truly is a Prized Position that is the envy of many:
The Location:
- Beautiful Mermaid Beach and the glistening Pacific, just 315m from the front door!
- 350m to Pacific Fair with some of the best shopping on the Gold Coast
- Gold Coast Star Casino 700m
- Numerous Incredible cafes, restaurants and bars within a 5-minute walk from your front door.
- Mermaid Surf Club 630m
- Bam Bam Bake House 400m
- Dog friendly Pratten Park and Children's Playgrounds 400m
- Buzzing hub of Broadbeach including entertainment, restaurants, cafes, bars, shopping and Gold Coast Convention Centre 1.1km
- Surfers Paradise 4 km
- Beautiful Burleigh Heads Village and National Park approx. 8 minute drive to the south and just 25 minutes in the car to Gold Coast Airport.
- Amazing transport links, with the Gold Coast Light Rail just 300m away, and motorway access taking you to Byron or Brisbane in just 75 minutes!
A property as well located as this will be snapped up in a heartbeat - don't let someone else beat you to it!
Call Perry Brosnan on 0414 758 204 today to arrange an inspection.
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 Perry Brosnan, Harcourts Property Hub — reproduced as published, not verified by Districts.