At number 2146th in the list of Australian suburbs ordered by increase in median house value over the last year, Miami, 4220 is in the BOTTOM 50% with a property value increase of -2.41% recorded in median house prices.
While Miami,4220 ranked number 257th in QLD for increase in median house value (annualised) increase, it is ranked 206th over the last 5 years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Miami, 4220. Typically our figures indicate that -4.94% is being offered, which puts this QLD suburb at 2657th most discounted overall in Australia.
In the last year 89 properties changed hands in Miami, which puts it as the 228th most active market in QLD when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $31200 per annum or $600 every week.
With a capital gain of -4.54% for the last 12 months, Miami, 4220 has performed for property investments than its average annual 1.73% property growth over the last 5 years.
Across a shorter period, Miami, 4220 has seen a median price increase of -3.84% over the last quarter.
Our latest figures would indicate that property sellers in Miami are currently offering property investors an average price cut of -5.20% below the asking price at the moment.
Miami, 4220’s gross rental yield is 5.52%