Features
Waterfront living, access to three golf
clubs and Pacific Fair
Well
known for its wide beachfront and close
proximity to some of the Gold Coast's
top attractions, Mermaid Beach is a
residential only suburb that has long
been sought after by property investors.
Mermaid Beach is home to families and
retirees who have lived on the coast for
many years; and it is not uncommon to
see residents walking or exercising on
the beachfront a few streets away.
One of Mermaid Beach's most expensive
streets, Hedges Avenue, which later
turns into Albatross Avenue, is regarded
as one of the most desirable addresses
in Queensland. A Hedges Avenue home sold
in September 2004 for $18 million,
breaking the previous state record for a
house and reaffirming the Gold Coast's
status as one of Australia's hottest
property markets.
Hedges Avenue itself is a small, one-way
street set at 40km speed limit, with
homes that are both expensive and
impressive due to the absolute
beachfront location continuing to drive
prices skywards. It is reasonably quiet
and relaxed, despite the busy Gold Coast
Highway and shopping centres of
Broadbeach nearby. Town-planning also
restricts new apartments and
developments' height levels, ensuring
the suburb is not overcrowded with
high-rises. This, evidently, has made it
even more exclusive.
Most people who live in this suburb are
attracted to the beach culture with a
lifestyle that involves surfing and
other water activities. It also has an
active Surf Life Saving Club to patrol
the beaches and provide activities to be
enjoyed by both locals and tourists. The
high calibre of this location is
reflected in the median house price,
which has come in in at over $1 million
in past years, compared with the
relatively modest median for the rest of
the Gold Coast.
Source: REIQ
