If you compare the increase in value of investment property in Miranda, 2228 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 9.66%.
Taking the average capital gain, or increase in median house value, Miranda,2228 has racked up an average of 9.66% over the period. This ranks it number 231th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Miranda should be aiming for at least -4.67% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Miranda the average time real estate has been on the market is 76.07 days.
Advertised rents are around the $630 mark per week – giving a return of 2.52% based on the median price in Suburb
With a capital gain of 0.76% for the last 12 months, Miranda, 2228 has performed for property investments than its average annual 6.41% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Miranda has given property investors a paper return of 0.76%. This puts Suburb as 345 on a list of fastest fasting appreciating suburbs in NSW
Our latest figures would indicate that property sellers in Miranda are currently offering property investors an average price cut of -3.66% below the asking price at the moment.
Miranda, 2228’s gross rental yield is 3.86%