You need $156,000/yr
to live in Mermaid Waters
Based on government bond data
1BR median rent
$900/wk
Annual change
—
Rental stress
Yes
Location
Gold Coast, QLD
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Rent trend
Quarterly median rent
Can you afford it?
Enter your gross salary to check
$85,000
Weekly take-home
$1,254/wk
Weekly rent
$900/wk
Rent share
72%
You'd have $354/wk left after rent
Weekly budget breakdown
$1,324/week total
Rent
$900/wk
Groceries
$180/wk
Transport
$55/wk
Utilities
$55/wk
Insurance
$45/wk
Other
$89/wk
Rent details
2 BR
$750/wk
3 BR
$1,300/wk
4+ BR
$1,500/wk
Annual change
—
Quarterly change
—
Suburb snapshot
ABS Census 2021
Median household income
$1,766/wk
Median age
40
Avg household size
2.5
Rent-to-income
51%
Nearby suburbs
Mermaid Beach
QLD
$880/wk
$112,667/yr
—
Miami
QLD
$950/wk
$99,667/yr
—
Clear Island Waters
QLD
$1,000/wk
$173,334/yr
—
Broadbeach
QLD
$875/wk
$117,867/yr
—
Broadbeach Waters
QLD
$1,150/wk
$199,334/yr
—
Robina
QLD
$730/wk
$104,000/yr
—
About renting in Mermaid Waters
Mermaid Waters is located in Gold Coast, QLD. The median weekly rent is $900, meaning a single person needs to earn at least $156,000 per year to keep rent below 30% of income.
How is the salary needed calculated?
The salary needed uses the 30% rule: annual income required = (weekly rent x 52) / 0.3. This is a widely used affordability benchmark — spending more than 30% of gross income on rent is considered "rental stress".
Where does the rent data come from?
Rent data comes from government bond lodgement records — NSW DCJ, QLD RTA, and VIC DFFH. This covers actual bonds lodged, making it one of the most reliable rent data sources in Australia.