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.

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 16.67% 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 $450 based on current median home prices for the suburb.

The gross rental yield in MILES, 4415 is 6.5%.

An average of 4.25 real estate transactions take place per month in MILES which translates to 51 per annum.

Property investments in MILES fare well against the rest of the country last year, registering a median home price increase of 0%.

Figures from the previous quarter show that capital gains for real estate buyers in MILES are high, 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 $360 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 34.6 days.

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 $345,000

Investors saw the median home price rise to $345,000.

MILES ranks 65th on the list of best yielding suburbs for rental properties in QLD, posting a 5.43% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$360,000	$345,000
Growth Report
Median Quarterly	0%	13.11%
Median 12 month	5.11%	0%
Median 3 years	50%	71.64%
Median 5 years	112.39%	0%
10 years average annual	13.5%	0%
Weekly media advert. rent	$450	$360
Time on Market	41.5 days	34.6 days
Gross Rental Yield Percent	6.5%	5.43%

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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