Miles

POSTAL CODE: QLD, 4415

HOUSE

UNIT

Property investors have seen a 0% gain in MILES based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on MILES, 4415 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 16.13%.

Based on its average 5-year and quarterly capital gains MILES, 4415 saw average growth in the long term.

The QLD suburb also 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 $360,000

Profits averaged 19% per annum over a 3-year period, due to an upward trend in home prices in MILES, 4415.

This means, real estate investors could earn a rental income of $440 based on current median home prices for the suburb.

The gross rental yield in MILES, 4415 is 6.36%.

An average of 4.83 real estate transactions take place per month in MILES which translates to 58 per annum.

Property investments in MILES fare well against the rest of the country last year, registering a median home price increase of 35.96%.

Figures from the previous quarter show that capital gains for real estate buyers in MILES are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains MILES, 4415 saw average growth in the long term.

This means, real estate investors could earn a rental income of N/A based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In MILES, homes and units usually stay on listing for an average of N/A.

the QLD suburb also 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 $302,500

Investors saw the median home price rise to $302,500.

MILES ranks 384th on the list of best yielding suburbs for rental properties in QLD, posting a N/A return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$360,000	$302,500
Growth Report
Median Quarterly	0%	18.63%
Median 12 month	16.13%	35.96%
Median 3 years	57.89%	44.05%
Median 5 years	89.47%	236.11%
10 years average annual	11.73%	35.96%
Weekly media advert. rent	$440	N/A
Time on Market	72.5 days	N/A
Gross Rental Yield Percent	6.36%	0%

Demographics (Median Values)*

Total Population 1301

Weekly Household Income 634.8

Household Size 2.20

Average Age 41

Monthly Loan Repayment 758

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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