Suburb Profile Report for Miranda NSW (2228)

Miranda House: Median price $1,331,000, Annual capital growth 9.96%, Number of sales 188, Weekly median advertised rent $620

Miranda Unit: Median price $667,000, Annual capital growth 6.49%, Number of sales 214, Weekly median advertised rent $490

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 12.80% for the last 12 months, Miranda, 2228 has performed for property investments than its average annual 9.96% property growth over the last 5 years.

While Miranda,2228 ranked number 289th in NSW for increase in median house value (annualised) increase, it is ranked 183th over the last 5 years.

Property investors looking for a bargain in Miranda should be aiming for at least -4.27% off the asking price, which is the average vendor discount being achieved at the moment.

At number 1337 in a list of fastest selling suburbs, Miranda is in the TOP 40% of suburbs in Australia with an average of days on market 66.52 for properties listed there.

Miranda, 2228’s gross rental yield is 2.42%

Miranda has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 1.44% to date .

Miranda,2228 has offered an average of 1.44% return per annum in house price rises to property investors over the last three years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Miranda, 2228. Typically our figures indicate that -3.69% is being offered, which puts this NSW suburb at 1130th most discounted overall in Australia.

In the last year 214 properties changed hands in Miranda, which puts it as the 54th most active market in NSW when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $5880 per annum or $490 every week.

Metrics i HOUSE UNIT
$1,331,000 $667,000
6.48% 1.06%
12.80% 1.44%
9.96% 6.49%
$620 $490
188 214
2.42% 3.82%
66.52 34.63

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 14435
Median household income ($/weekly) 1294
Median age of persons 38
Median housing loan repayment ($/monthly) 2275
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1536 10.6
    25-34 years 2213 15.3
    35-44 years 2135 14.8
    45-54 years 1785 12.4
    55-64 years 1398 9.7
    Others 5368 37.2
    Age Group
    Census Count Percent(%)
    Registered Married 5274 48.8
    Not Married 4667 43.2
    Defacto Relationship 859 8.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 10156 74.6
    Croatia 242 1.8
    Papua New Guinea 368 2.7
    United Kingdom 637 4.7
    Other 591 4.3
    Others 1624 11.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 214 1.6
    Christianity 10343 78.3
    Hinduism 168 1.3
    Islam 231 1.7
    No Religion 2146 16.3
    Others 101 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 490 9.7
    $1,000-$1,249 443 8.8
    $1,500-$1,999 708 14.0
    $2,000-$2,499 485 9.6
    $2,500-$2,999 440 8.7
    Others 2492 49.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4581 41.1
    Not in the labour force 3883 34.8
    Employed, worked part-time 1967 17.7
    Employed, away from work 406 3.6
    Unemployed, looking for work 306 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 812 11.7
    Professionals 1446 20.8
    Technicians & trades workers 986 14.2
    Community & personal service workers 762 11.0
    Clerical & administrative workers 1217 17.5
    Others 1730 24.9
    Occupation
    Census Count Percent(%)
    Pre-school 274 9.3
    Infants/Primary 987 33.6
    Secondary 729 24.8
    Technical or Further Educational Institution 352 12.0
    University or other Tertiary Institutions 510 17.4
    Others 87 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7747 57.8
    Flat, unit or apartment 3709 27.7
    Semi-detached, row or terrace house, townhouse 1785 13.3
    Caravan, cabin, houseboat 91 0.7
    House or flat attached to a shop, office 64 0.5
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1803 33.1
    Fully owned 1802 33.1
    Being purchased 1777 32.6
    Other tenure type 62 1.1
    Tenure Type
Census 2011, ABS
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Recent sales & rentals