Mermaid Beach
Beachfront icon of the Gold Coast — $2.73M median house price, headlined by Hedges Avenue's $27.5M sale.
Mermaid Beach (QLD 4218) is the Gold Coast's blue-chip beachside address, anchored by Hedges Avenue — 'Millionaires' Row'. CoreLogic data for the 12 months to January 2026 puts the median house price at $2.73M (+3.8%), with houses selling in around 28 days. Domain's bedroom-level figures to June 2026 show 4-bedroom homes at a $3.75M median and 5-bedroom homes at $4.21M. The unit market is performing strongly: a $975,000 median, up 9.8% year-on-year, across 201 sales. The suburb's 15-metre beachfront height cap preserves a rare low-rise coastal character, supporting long-term scarcity value.
Recent Notable Sales
- 127 Hedges Avenue — $27.5M off-market (2025, the Gold Coast's largest sale of the year)
- 43 Petrel Avenue — $4.55M (2026)
- 7/15 Montana Road — $4.1M (2026)
- 41–45 Hedges Avenue — $28M (earlier benchmark on Millionaires' Row)
Rental Market & Investment
Houses rent for a median of $1,300 per week (2.7% gross yield) and units $820 per week (4.1%), with vacancy around 2.5%. The unit market is deep and active: 1-bedroom apartments achieved a $663,000 median across 40 sales, 2-bedroom units $1.02M across 154 sales (61% auction clearance) and 3-bedroom units $1.94M — strong downsizer and investor demand at every tier.
Demographics & Community
Home to 7,329 residents (up 12.2% between censuses) with a youthful median age of 35, Mermaid Beach skews to affluent couples — 55% of families are couples without children — with a median household income of $1,895 per week and a near-even owner/renter split.
Lifestyle & Amenities
Hedges Avenue — 'Millionaires' Row' — anchors one of the most expensive beachfront strips in Australia, protected by a rare 15-metre building height cap that preserves the low-rise coastal character. The Oxley boutique dining precinct, a walkable patrolled beach and the Light Rail Stage 3 extension toward Burleigh round out the offer.
Schools & Education
Miami State School and Miami State High School serve the area, with the Gold Coast's leading private colleges — TSS, St Hilda's and Somerset — a short drive away.
Performance Outlook
The median house price has moved from $1.27M in 2016 to $2.73M in 2026 — roughly 8.9% compounding per year for a decade — while Domain's series recorded a 116% surge in the five years to March 2025. With only ~86 house sales a year, medians swing between quarters, but beachfront scarcity is structural: there is simply no more Hedges Avenue land being made.
Market Snapshot
Price Performance
Location
Frequently Asked Questions
What is the median house price in Mermaid Beach?
The median house price is $2.73M (CoreLogic, 12 months to January 2026), up 3.8%, with houses selling in around 28 days. Four-bedroom homes median $3.75M and five-bedroom $4.21M. Units median $975,000, up 9.8%, across 201 sales.
What is Millionaires' Row?
Hedges Avenue — 'Millionaires' Row' — anchors one of the most expensive beachfront strips in Australia. 127 Hedges Avenue sold off-market for $27.5M in 2025, the Gold Coast's largest sale of the year. A rare 15-metre beachfront height cap preserves the low-rise coastal character.
Is Mermaid Beach a good investment?
House prices moved from $1.27M in 2016 to $2.73M in 2026 — roughly 8.9% compounding a year — with Domain recording a 116% surge in the five years to March 2025. The unit market is deep at every tier: 1-bedroom $663,000, 2-bedroom $1.02M (61% auction clearance), 3-bedroom $1.94M.
What schools serve Mermaid Beach?
Miami State School and Miami State High School serve the area, with the Gold Coast's leading private colleges — TSS, St Hilda's and Somerset — a short drive away.
What is living in Mermaid Beach like?
A walkable, patrolled beach, The Oxley boutique dining precinct and the coming Light Rail Stage 3 extension toward Burleigh. The suburb is home to 7,329 residents with a youthful median age of 35 and a near-even owner/renter split.
What are the most prestigious streets in Mermaid Beach?
Hedges Avenue — 'Millionaires' Row' — is the Gold Coast's premier beachfront address, where 127 Hedges Avenue sold for $27.5M in 2025. Other tightly held beachside streets include Petrel Avenue and Montana Road. Absolute beachfront frontage, protected by the 15-metre height cap, commands the highest premiums.
Who can help me buy or sell prestige property in Mermaid Beach?
GC Prestige is a bespoke Gold Coast real estate agency specialising in beachfront and prestige property in Mermaid Beach, typically selling by tailored Expression of Interest campaigns. Request a complimentary appraisal at gcprestige.au or call 1300 937 981.