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Miranda

POSTAL CODE: NSW, 2228
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A steady increase in median property prices over a five-year period in the suburb translates to a 16.94% capital gain.

It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,950,000

The augmented property values in the suburb are trailing behind the territorial average of 5.63% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $1000.

Home owners selling their properties and realtors in MIRANDA usually have to wait an average of 63.2 days days before their assets are lifted off the market.

The NSW suburb ranks 844th on the list of best yielding suburbs for rental properties in NSW, posting a 2.67% return.

It also places places 686th in Australia based on median property value growth during the quarter.

Surburb overview

Miranda is a central commercial and residential suburb in the Sutherland Shire, situated about 24 kilometres south of the Sydney central business district. It is bounded by Caringbah to the east, Gymea to the west, and Sylvania to the north, with its central position making it one of the key retail and service hubs of southern Sydney.

The suburb has a population of more than 16,000 people according to the latest census. The majority of residents were born in Australia, with notable communities from England, China and New Zealand. English is the most commonly spoken language at home, though other languages such as Mandarin, Greek and Arabic are also represented. The population is diverse, with a mix of families, professionals and older couples. Housing consists of detached dwellings, townhouses and an increasing number of apartment complexes reflecting its role as a commercial centre.

Miranda railway station on the Illawarra line provides regular services to the Sydney CBD, Cronulla and Wollongong. Bus services operate frequently, linking Miranda with surrounding suburbs and coastal areas. Road access is supported by the Kingsway and Port Hacking Road, while nearby connections to the Princes Highway give residents and businesses direct access to greater Sydney.

Miranda is well known for Westfield Miranda, one of Sydney’s largest shopping centres, which hosts a wide range of national and international retailers, supermarkets, cinemas and dining outlets. The suburb also accommodates medical centres, professional services and community facilities, including a library and childcare centres. Healthcare is provided at the nearby Sutherland Hospital and Kareena Private Hospital. Schools serving the suburb include Miranda Public School and Port Hacking High School, with additional educational options in adjoining suburbs.

Recreational amenities in Miranda include several parks, playing fields, and community facilities. Seymour Shaw Park is home to various sporting clubs and events, while smaller reserves offer open spaces for recreation. The suburb’s central location also places it within easy reach of coastal areas, the Georges River and the Royal National Park, offering residents a broad range of leisure opportunities.

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