Suburb Profile Report for Miami QLD (4220)

Miami House: Median price $753,750, Annual capital growth 3.71%, Number of sales 86, Weekly median advertised rent $600

Miami Unit: Median price $485,000, Annual capital growth 2.38%, Number of sales 121, Weekly median advertised rent $465

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Miami has had a A very good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 6.91% to date .

While Miami,4220 ranked number 276th in QLD for increase in median house value (annualised) increase, it is ranked 99th over the last 5 years.

Miami, 4220 is offering QLD ‘s 518th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this QLD.

Situated 78.07km from the CBD, Miami is one of Gold Coast (C) localities in the postcode 4220.

Property investors who have had real estate in Miami, 4220 should be pleased with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 15.20%

Miami,4220 has offered an average of 15.20% return per annum in house price rises to property investors over the last three years.

Miami4220 is located in QLD which offers an average discount of -6.19% to property investors. Miami itself is showing figures that indicate -5.70% is the average achievable by property buyers investing in the suburb.

At number 621 in a list of fastest selling suburbs, Miami is just in the top half of suburbs in Australia with an average of days on market 75.8947 for properties listed there.

Property investors should expect to get $465 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$753,750 $485,000
1.52% 8.38%
6.91% 15.20%
3.71% 2.38%
$600 $465
86 121
4.14% 4.99%
57.3606557377049 75.8947368421053

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (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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