11/17-19 Markeri Street, Mermaid Beach QLD 4218
11/17-19 Markeri Street, Mermaid Beach QLD 4218
11/17-19 Markeri Street, Mermaid Beach. A 77sqm apartment with 2 bedrooms, 2 bathrooms and 2 car spaces. This is a flat in a tightly held boutique complex on a shared 433sqm lot. The 2 car configuration is a standout feature for a unit of this size.
This property sits in a quiet residential pocket of Mermaid Beach, away from the high traffic tourist zones but still within a prestigious coastal suburb. The 2 car spaces are rare for a 2 bedroom apartment and add real utility for owner occupiers or investors targeting long term tenants. The boutique complex offers privacy and lower density than typical high rises, which appeals to retirees or couples wanting a lock up and leave lifestyle. The rental yield is strong for the Gold Coast, and the 2026 comparable sale in the same block confirms demand is high for this configuration. This unit serves buyers who value parking and low maintenance over square footage.
The 77sqm floorplan is compact for a 2 bedroom home, which may limit appeal for families or those wanting generous living space. The unit sits on a strata title with no exclusive land, so capital growth is tied to the building and complex performance rather than land scarcity. The 2023 sale of a 1 park unit in the same block for 587k highlights how much the 2 car configuration adds to value, but it also shows price sensitivity to parking. The 27 percent annual growth on the 2026 comparable may not repeat if market conditions soften. Buyers should weigh the premium for parking against the small internal area and shared lot.
Detailed Independent Property Report prepared by PropCred Analyst team for 11/17-19 Markeri Street, Mermaid Beach QLD 4218
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Mermaid Beach is a premium coastal suburb where strong investor demand, supported by resilient rental yields of 4.4% for units, meets constrained supply east of the highway. Recent annual growth of 6.0% for houses and 7.0% for units reflects this dynamic, with a balanced market evidenced by a modest vendor discount. The imminent completion of Light Rail Stage 3 in mid-2026 is a key future catalyst, though high median house prices above $3 million present an affordability constraint.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
2
Land
433m²
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