Mermaid Beach
Beachfront icon of the Gold Coast — $2.84M median house price, units up 17.8%, and light rail now at the door.
Mermaid Beach (QLD 4218) is the Gold Coast's blue-chip beachside address, anchored by Hedges Avenue — 'Millionaires' Row'. Cotality data for the 12 months to June 2026 puts the median house price at $2.84M across 77 house sales, with homes selling in around 29 days. Units are the momentum story: a $1.06M median, up 17.8% year-on-year, across 210 sales. Since 9 August 2026 the suburb has had two G:link light rail stations — Mermaid Beach and Mermaid Beach South — on the Stage 3 extension to Burleigh Heads.
Recent Notable Sales
- 118 Hedges Avenue — $8.35M (April 2026, 509m² beachfront)
- 22 Hilda Street — $4.875M (September 2026)
- 43 Petrel Avenue — $4.55M (May 2026, sold prior to auction)
- 127 Hedges Avenue — $27.5M off-market (2025, one of the highest prices ever recorded on the Gold Coast)
Rental Market & Investment
Houses rent for a median of $1,500 per week (2.6% gross yield) and units $850 per week (4.0%). The unit market is deep at every tier: 1-bedroom apartments at a $721,000 median, 2-bedroom units at $1.06M across 135 sales and 3-bedroom units at $1.73M. Among houses, 4-bedroom homes reached a $4.17M median and 5-bedroom homes $4.62M (Domain, last 12 months).
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 anchors one of the most expensive beachfront strips in Australia, and the low-rise beachfront keeps the suburb's coastal character. The Oxley boutique dining precinct, a walkable patrolled beach and two new light rail stations — connecting north to Broadbeach and Surfers Paradise and south to Burleigh Heads — 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 $1.40M in 2016 to $2.84M in 2026 — about 7.4% compounding a year. With fewer than 100 house sales a year, the median swings from one year to the next (2025's dip to $2.0M reversed within twelve months), but beachfront scarcity is structural. New mid-rise proposals near the light rail stations along the Gold Coast Highway show where the next wave of apartment supply will come from — the beachfront itself stays in short supply.
Market Snapshot
Price Performance
Location
Frequently Asked Questions
What is the median house price in Mermaid Beach?
The median house price is $2.84M (Cotality/CoreLogic, 12 months to June 2026) across 77 house sales, with homes selling in around 29 days. Units median $1.06M, up 17.8%, across 210 sales. By bedroom, 4-bedroom homes median $4.17M and 5-bedroom $4.62M (Domain).
What is Millionaires' Row?
Hedges Avenue — 'Millionaires' Row' — is one of the most expensive beachfront strips in Australia. 127 Hedges Avenue sold off-market for $27.5M in 2025, and 118 Hedges Avenue sold for $8.35M in April 2026.
Is Mermaid Beach a good investment?
House prices have doubled from $1.40M in 2016 to $2.84M in 2026 — about 7.4% a year — and units have climbed from $355,000 to $1.06M over the same decade. Houses yield 2.6% gross and units 4.0%. The opening of two light rail stations in August 2026 adds transport depth to a market where beachfront land cannot be replicated.
Does Mermaid Beach have light rail?
Yes. G:link Stage 3 opened on 9 August 2026, adding Mermaid Beach and Mermaid Beach South stations on the line from Broadbeach South to Burleigh Heads, with a direct ride north to Surfers Paradise, Southport and Helensvale.
What schools serve Mermaid Beach?
Miami State School and Miami State High School serve the area, with TSS, St Hilda's and Somerset College a short drive away.
What are the most prestigious streets in Mermaid Beach?
Hedges Avenue is the Gold Coast's premier beachfront address. Other tightly held beachside streets include Petrel Avenue, Hilda Street and Seagull Avenue. Absolute beachfront frontage 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.