Suburb Profile Report for Miranda NSW (2228)

Miranda House: Median price $1,178,000, Annual capital growth 8.39%, Number of sales 155, Weekly median advertised rent $650

Miranda Unit: Median price $655,000, Annual capital growth 6.35%, Number of sales 196, Weekly median advertised rent $470

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

HOUSE UNIT
$1,178,000 $655,000
-1.47% -1.50%
16.63% 4.80%
8.39% 6.35%
$650 $470
155 196
2.87% 3.73%
64 39.14

Source: CoreLogic

DSR Score for property investment : Good (H), Very 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