Suburb Profile Report for Miles QLD (4415)

Miles House: Median price $220,000, Annual capital growth 6.14%, Number of sales 41, Weekly median advertised rent $870

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

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

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%.

Metrics i HOUSE UNIT
$220,000 N/A
3.91% N/A
19.59% N/A
6.14% N/A
$870 N/A
41 N/A
1.93% N/A
60.5531914893617 N/A

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (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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