Suburb Profile Report for Miami QLD (4220)

Miami House: Median price $719,500, Annual capital growth 5.16%, Number of sales 67, Weekly median advertised rent $545

Miami Unit: Median price $449,000, Annual capital growth 3.55%, Number of sales 199, Weekly median advertised rent $440

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

Source: CoreLogic

  • House Report
  • Unit Report

QLD has seen average median house prices change by 1.88% which means that Miami, 4220 has done well for property investors by showing a capital gain of 15.12% over the last year

Taking the average capital gain, or increase in median house value, Miami,4220 has racked up an average of 15.12% over the period. This ranks it number 850th in the whole country for real estate investors looking at median house price increases.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.31% offered to property buyers. Sellers in Miami itself are offering an average vendor discount of -5.76% to real estate investors.

At number 1237 in a list of fastest selling suburbs, Miami is in the TOP 40% of suburbs in Australia with an average of days on market 67.59 for properties listed there.

Using the current median advertised rental of $545 and the average annual increase in value of a median property of 5.16%, investors should hope to achieve an overall return of 3.94%

Over the last year, property investments in Miami, 4220 have given investors a capital gain of 10.86%. This compares very favourably with the 1.70% for QLD as a whole.

Miami,4220 has offered an average of 10.86% return per annum in house price rises to property investors over the last three years.

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.97% offered to property buyers. Sellers in Miami itself are offering an average vendor discount of -6.36% to real estate investors.

Renters in Suburb are facing rents around $5280 per annum or $440 every week.

HOUSE UNIT
$719,500 $449,000
2.93% 7.93%
15.12% 10.86%
5.16% 3.55%
$545 $440
67 199
3.94% 5.10%
67.59 77.39

Source: CoreLogic

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