Suburb Profile Report for Miranda NSW (2228)

Miranda House: Median price $1,302,500, Annual capital growth 9.77%, Number of sales 182, Weekly median advertised rent $630

Miranda Unit: Median price $660,000, Annual capital growth 6.41%, Number of sales 207, Weekly median advertised rent $490

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$1,302,500 $660,000
3.58% 0.76%
9.66% 0.76%
9.77% 6.41%
$630 $490
182 207
2.52% 3.86%
76.07 35.72

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
Find a mortgage broker in Miranda NSW
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
Chart Table
Recent sales & rentals