Suburb Profile Report for Miami QLD (4220)

Miami House: Median price $707,500, Annual capital growth 3.97%, Number of sales 89, Weekly median advertised rent $600

Miami Unit: Median price $426,000, Annual capital growth 1.73%, Number of sales 108, Weekly median advertised rent $453

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$707,500 $426,000
1.07% -3.84%
-2.41% -4.54%
3.97% 1.73%
$600 $453
89 108
4.41% 5.52%
63.8356164383562 74.6849315068493

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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