Suburb Profile Report for Miami QLD (4220)

Miami House: Median price $744,250, Annual capital growth 5.44%, Number of sales 72, Weekly median advertised rent $560

Miami Unit: Median price $432,500, Annual capital growth 3.01%, Number of sales 210, Weekly median advertised rent $440

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Miami has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 15.34%

If we look at median property appreciation over just the last three months, Miami has given property investors a paper return of 3.51%. This puts Suburb as 140 on a list of fastest fasting appreciating suburbs in QLD

Property buyers and investors in Miami 4220 should be seeing an average reduction in asking price of around -5.25% . This means that Miami is holding prices well when compared to other suburbs in QLD.

Renters in Suburb are facing rents around $6720 per annum or $560 every week.

Investment property in Miami has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.88%

When looking at the potential capital gains offered to property investors over the last 3 years, Miami comes in at number 43th in QLD.

The most recent median price for Miami is $432500, with sellers offering an average of -5.34% off the asking price.

Residents and property investors in Miami have been waiting around 64.08 days to sell a property.

Metrics i HOUSE UNIT
$744,250 $432,500
3.51% -2.81%
15.34% 5.88%
5.44% 3.01%
$560 $440
72 210
3.91% 5.29%
67.74 64.08

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
Find a mortgage broker in Miami QLD
Demographics
Total population 6364
Median household income ($/weekly) 1094
Median age of persons 36
Median housing loan repayment ($/monthly) 2000
Average household size 2.2
  • Census Count Percent(%)
    20-24 years 555 8.7
    25-34 years 1279 20.1
    35-44 years 958 15.1
    45-54 years 761 12.0
    55-64 years 748 11.8
    Others 2064 32.4
    Age Group
    Census Count Percent(%)
    Not Married 2336 51.2
    Registered Married 1610 35.3
    Defacto Relationship 615 13.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 4222 76.1
    Papua New Guinea 441 8.0
    South Africa 45 0.8
    United Kingdom 302 5.4
    Other 214 3.9
    Others 321 5.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 90 1.7
    Christianity 3657 69.3
    Judaism 19 0.4
    Other Religious Groups 31 0.6
    No Religion 1457 27.6
    Others 24 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 257 11.4
    $600-$799 229 10.1
    $1,000-$1,249 230 10.2
    $1,500-$1,999 274 12.1
    $2,000-$2,499 203 9.0
    Others 1066 47.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1876 38.9
    Not in the labour force 1439 29.8
    Employed, worked part-time 1060 22.0
    Unemployed, looking for work 233 4.8
    Employed, away from work 218 4.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 658 20.9
    Technicians & trades workers 472 15.0
    Community & personal service workers 393 12.5
    Clerical & administrative workers 437 13.9
    Sales 388 12.3
    Others 804 25.5
    Occupation
    Census Count Percent(%)
    Pre-school 70 6.5
    Infants/Primary 306 28.5
    Secondary 211 19.6
    Technical or Further Educational Institution 150 14.0
    University or other Tertiary Institutions 291 27.1
    Others 47 4.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2233 41.0
    Semi-detached, row or terrace house, townhouse 1795 33.0
    Flat, unit or apartment 1402 25.8
    Caravan, cabin, houseboat 13 0.2
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1083 44.0
    Being purchased 747 30.4
    Fully owned 618 25.1
    Other tenure type 11 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals