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.