MIAMI ranks 188th in QLD when it comes to estimated capital gains experienced by property investors over the past three years.
The suburb’s capital gain of 0.13% for the past year is lower than average compared to its 56.1% growth within a five-year period.
Also in MIAMI, the median home price is sitting at $761,000, and the average rent at $600, this suggests property owners could potentially earn a 4.1% increase in gross rental yield.
Property investors have seen a -1.17% drop in MIAMI based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 3.89% growth over a ten-year period. It ranks 1957th on our list of suburbs that property investors should look into.
A steady increase in median property prices over a five-year period in MIAMI, 4220 translates to a 26.67% capital gain.
MIAMI, 4220 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $475,000.
Augmented property values in MIAMI are trailing above the QLD average of 0.61% for the past year.
Real estate investors could earn a rental income of $450 based on current median home prices for the suburb.
Home owners selling their properties and realtors in MIAMI usually have to wait an average of 45.5 days days before their assets are lifted off the market.
MIAMI ranks 228th on the list of best yielding suburbs for rental properties in QLD, posting a 4.93% return.
MIAMI, 4220 places 252nd in Australia based on median property value growth during the quarter.