Miranda is in the TOP 20% in NSW when comparing median price capital growth over the last year. Miranda gave property investors a very good capital gain figure when compared to the rest of the state, with 16.63%.
A 68.29% growth in median value for property investors in Miranda,2228 puts this suburb at number 1070th in terms of best performing suburbs in NSW
Miranda, 2228 is offering NSW ‘s 307th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this NSW.
On average over the past year, suburb has had 12.92 sales per month, which equates to 155 per year.
A $650 per week rent on the median house gives suburb investors a gross yield of circa 2.87%, without taking into account capital value appreciation, which has been averaging out at 8.39%.
Over the last year, property investments in Miranda, 2228 have given investors a capital gain of 4.80%. This compares averagely with the 6.59% for NSW as a whole.
Taking the average capital gain, or increase in median house value, Miranda,2228 has racked up an average of 4.80% over the period. This ranks it number 231th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Miranda are currently offering property investors an average price cut of -3.88% below the asking price at the moment.
On average over the past year, suburb has had 16.33 sales per month, which equates to 196 per year.
Using the current median advertised rental of $470 and the average annual increase in value of a median property of 6.35%, investors should hope to achieve an overall return of 3.73%