QLD has seen average median house prices change by 2.63% which means that Miami, 4220 has done well for property investors by showing a capital gain of 4.62% over the last year
Comparing Miami,4220 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Miami should be aiming for at least -2.93% off the asking price, which is the average vendor discount being achieved at the moment.
Situated 76.74km from the CBD, Miami is one of Gold Coast localities in the postcode 4220.
At number 752th in the list of Australian suburbs ordered by increase in median house value over the last year, Miami, 4220 is in the top half with a property value increase of 5.32% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Miami has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -4.94% to buyers in Miami at the moment, which is less than average for the rest of QLD.
Using the current median advertised rental of $450 and the average annual increase in value of a median property of 2.93%, investors should hope to achieve an overall return of 4.93%