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%.