Miami is in the TOP 10% in QLD when comparing median price capital growth over the last year. Miami gave property investors a very good capital gain figure when compared to the rest of the state, with 28.21%.
Across a shorter period, Miami, 4220 has seen a median price increase of 11.11% over the last quarter.
Property investors looking for a bargain in Miami should be aiming for at least -4.60% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 9.50 sales per month, which equates to 114 per year.
With the median price for a house in Miami being $1000000 and the advertised rent reaching $650 the gross rental yield for property investors calculates out to be 3.38%
Giving property investors a a stable capital gain of 14.68% for the last year, Miami, 4220 is the 362th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Miami comes in at number 21th in QLD.
Sellers are offering property buyers an average discount of -3.61% to buyers in Miami at the moment, which is less than average for the rest of QLD.
A $500 per week rent on the median house gives suburb investors a gross yield of circa 4.62%, without taking into account capital value appreciation, which has been averaging out at 4.80%.