At number 1592th in the list of Australian suburbs ordered by increase in median house value over the last year, Miles, 4415 is in the top 40% with a property value increase of 19.59% recorded in median house prices.
Over the longer term, Miles has seen property prices show investors a 19.90% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -2.40% to buyers in Miles at the moment, which is less than average for the rest of QLD.
Often selling an investment property can take time, and in Miles the average time real estate has been on the market is 60.5532 days.
A $870 per week rent on the median house gives suburb investors a gross yield of circa 1.93%, without taking into account capital value appreciation, which has been averaging out at 6.14%.