Suburb Profile Report for Miami QLD (4220)

Miami House: Median price $1,000,000, Annual capital growth 6.82%, Number of sales 114, Weekly median advertised rent $650

Miami Unit: Median price $562,500, Annual capital growth 4.80%, Number of sales 147, Weekly median advertised rent $500

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

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%.

Metrics i HOUSE UNIT
$1,000,000 $562,500
11.11% 1.35%
28.21% 14.68%
6.82% 4.80%
$650 $500
114 147
3.38% 4.62%
28.08 42.5492957746479

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Very 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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