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.