Nestled immediately west of Mermaid Beach on the vibrant Gold Coast, Mermaid Waters is a unique residential suburb characterised by its picturesque canal estates and tranquil lakes. The suburb spans approximately 7.1 square kilometers, with 23 parks covering nearly 7.3% of the total area, offering residents ample green spaces to enjoy.
In 2011, Mermaid Waters was home to 11,789 residents. Fast forward to 2016, and the population had grown to 12,042, marking a 2.1% increase during that period. The predominant age group in this idyllic suburb is 40-49 years. Mermaid Waters primarily consists of households led by couples with children, and a significant portion invests $1800 – $2399 per month in mortgage repayments. Over the years, the percentage of owner-occupied homes increased from 64.9% in 2011 to 66.1% in 2016, showcasing the stability and appeal of the area.
Before the establishment of canal estates, the landscape behind Mermaid Beach was flat grazing land with swamps draining into the Little Tallebudgera Creek. The suburb’s unique waterways, including lakes Wonderland and Intrepid, follow the approximate alignment of historical drains. Formally named in 1981, Mermaid Waters emerged as a residential haven in the 1970s-80s, with development extending south of the Pacific Fair shopping center and completing the western section by 1990.
Why we love it:
Mermaid Waters captivates residents and visitors alike with its distinct lifestyle attributes. Families, couples, and investors find solace in the suburb’s access to natural and scenic beauty. The canal estates offer a peaceful waterfront living experience, while the abundance of parks provides spaces for relaxation and recreation.
This suburb is particularly suitable for families, evident in the high percentage of households led by couples with children. The community’s commitment to maintaining green spaces and preserving the integrity of its canal estates contributes to the overall family-friendly atmosphere. For couples seeking a tranquil retreat and investors eyeing a stable market, Mermaid Waters offers a compelling choice.
Development
Mermaid Waters is undergoing a significant transformation, reflecting the Gold Coast’s evolution as a vibrant destination.
Multi-Tower Apartment Development: The Gold Coast City Council recently approved a groundbreaking $2 billion multi-tower apartment development opposite Pacific Fair Shopping Centre. This project not only adds architectural flair but also enhances lifestyle offerings for residents.
Residential Development Boom: Mermaid Waters is witnessing a surge in ‘off the plan’ residential developments, with several high-rise projects recently selling out. This reflects strong demand for modern living spaces in this waterfront community, attracting both local and international buyers.
The Lanes Retail Resort: Approved for development, The Lanes Retail Resort is set within a unique 42-hectare lakeside master-planned community. Spanning 13,962 sqm*, this project promises lively laneways, a fresh food market hall, cafes, restaurants, bars, a beauty and wellness precinct, a premium gym, a recovery center, and a family entertainment center. It offers a unique opportunity for a visionary buyer to create a distinctive retail resort, further enhancing Mermaid Waters’ appeal as a thriving and contemporary community.
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