Suburb Profile Report for Miami QLD (4220)

Miami House: Median price $730,000, Annual capital growth 5.35%, Number of sales 71, Weekly median advertised rent $555

Miami Unit: Median price $445,000, Annual capital growth 3.48%, Number of sales 209, Weekly median advertised rent $440

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 371th in the list of Australian suburbs ordered by increase in median house value over the last year, Miami, 4220 is in the top 10% with a property value increase of 17.27% recorded in median house prices.

Over the longer term, Miami has seen property prices show investors a 40.32% return over the last 3 years. This is worse than over the last 12 months

Vendor discounting in Miami is giving property investors an average Vendor Discount of around -5.47%. This puts suburb at number 561th in QLD when ranking the most discounted suburbs.

Miami, 4220’s gross rental yield is 3.95%

At number 440th in the list of Australian suburbs ordered by increase in median house value over the last year, Miami, 4220 is in the top 30% with a property value increase of 9.07% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Miami comes in at number 27th in QLD.

LACK OF BUYER INTEREST may well be the reason that Miami is offering property investors an average of -6.14. This rate of discount on properties puts Suburb at number 207th in terms of most discounted suburbs in QLD

In the last year 209 properties changed hands in Miami, which puts it as the 33th most active market in QLD when comparing the number of sales per suburb.

A $440 per week rent on the median house gives suburb investors a gross yield of circa 5.14%, without taking into account capital value appreciation, which has been averaging out at 3.48%.

HOUSE UNIT
$730,000 $445,000
5.19% 3.49%
17.27% 9.07%
5.35% 3.48%
$555 $440
71 209
3.95% 5.14%
72.74 65.37

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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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
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