Suburb Profile Report for Miles QLD (4415)

Miles House: Median price $145,000, Annual capital growth 8.03%, Number of sales 23, Weekly median advertised rent $200

Miles Unit: Median price $90,000, Annual capital growth 4.82%, Number of sales 10, Weekly median advertised rent $185

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

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

  • House Report
  • Unit Report

Investment property in Miles has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.54%

When looking at the potential capital gains offered to property investors over the last 3 years, Miles comes in at number 437th in QLD.

At number 9th of QLD’s most discounted properties, Miles is in the bottom 10% of the state/territory when listing in order of most discounted to least.

In the last year 23 properties changed hands in Miles, which puts it as the 675th most active market in QLD when comparing the number of sales per suburb.

With the median price for a house in Miles being $145000 and the advertised rent reaching $200 the gross rental yield for property investors calculates out to be 7.17%

The QLD suburb of Miles, 4415 is in the Western Downs (R) local government area.

Metrics i HOUSE UNIT
$145,000 $90,000
0.00% N/A
11.54% N/A
8.03% 4.82%
$200 $185
23 10
7.17% 10.69%
138.307692307692 N/A

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

DSR Score for property investment : Below average (H), Poor (U)
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Demographics
Total population 1853
Median household income ($/weekly) 940
Median age of persons 40
Median housing loan repayment ($/monthly) 1192
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 268 14.5
    35-44 years 251 13.5
    45-54 years 234 12.6
    55-64 years 221 11.9
    65-74 years 195 10.5
    Others 684 36.9
    Age Group
    Census Count Percent(%)
    Registered Married 654 53.9
    Not Married 452 37.2
    Defacto Relationship 108 8.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 1619 94.2
    Papua New Guinea 16 0.9
    South Africa 13 0.8
    United Kingdom 26 1.5
    Other 10 0.6
    Others 34 2.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 10 0.6
    Christianity 1429 84.2
    Hinduism 3 0.2
    Other Religious Groups 4 0.2
    No Religion 248 14.6
    Others 3 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 66 10.8
    $400-$599 89 14.5
    $800-$999 68 11.1
    $1,000-$1,249 64 10.5
    $1,500-$1,999 73 11.9
    Others 252 41.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 572 41.8
    Not in the labour force 487 35.5
    Employed, worked part-time 237 17.3
    Employed, away from work 52 3.8
    Unemployed, looking for work 22 1.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 132 15.4
    Technicians & trades workers 115 13.4
    Clerical & administrative workers 97 11.3
    Machinery operators & drivers 119 13.9
    Labourers 110 12.8
    Others 286 33.3
    Occupation
    Census Count Percent(%)
    Pre-school 14 3.9
    Infants/Primary 173 48.7
    Secondary 105 29.6
    Technical or Further Educational Institution 36 10.1
    University or other Tertiary Institutions 21 5.9
    Others 6 1.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1573 97.3
    Caravan, cabin, houseboat 29 1.8
    Flat, unit or apartment 14 0.9
    Semi-detached, row or terrace house, townhouse 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 255 39.5
    Rented 216 33.5
    Being purchased 167 25.9
    Other tenure type 7 1.1
    Tenure Type
Census 2011, ABS
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