Suburb Details
Mermaid Beach is without doubt one of the Gold Coast’s most prestigious and desirable suburbs, offering a unique blend of upscale coastal living and relaxed community charm. Renowned for its laid-back atmosphere and low-rise character, it is home to Hedges Avenue—famously dubbed “Millionaire’s Row”—where beachfront properties often carry multi-million-dollar price tags.
As of January 2023, a modest beachfront block on Hedges Avenue was estimated at around $14 million, while the median house price in the broader Mermaid Beach area reached $3.2 million, underscoring the suburb’s high-end appeal. For those with more modest budgets, units present a more affordable entry point into this exclusive enclave, with a median price of $920,000 as of April 2025, and a median weekly rent of $800 offering strong rental returns.
The suburb’s strict development regulations—limiting most buildings to three storeys—help preserve its intimate, village-like feel, a rare trait among beachfront suburbs and a major drawcard for long-term residents. Despite its luxury status, Mermaid Beach maintains a strong sense of community, with many families holding onto properties for generations.
The area’s rich history includes a stint as a U.S. military rest site during World War II, and its name originates from the HMS Mermaid, the cutter used by explorer John Oxley in 1823. Once a hub of humble beach shacks, today Mermaid Beach is lined with modern, architecturally impressive homes, though a few of the original cottages can still be found. Residents enjoy wide, uncrowded beaches perfect for morning walks and surfing, as well as easy access to boutique cafes and some of the Gold Coast’s top dining destinations along the Gold Coast Highway, including Etsu Izakaya, Bonita Bonita, Little Truffle, and The Glenelg Public House.
The Nobby Beach precinct adds a casual, trendy vibe that appeals to young professionals and creatives. With three local surf clubs patrolling its relatively quiet stretch of coastline and improved transport links on the horizon through Light Rail Stage 3, Mermaid Beach continues to be one of the most exclusive and liveable suburbs on the Gold Coast.
Click for more detail – House Price Finder Statistics – Suburb Report Mermaid Beach
Click for more detail – Apartment Price Finder Statistics – Suburb Report Mermaid Beach