Mirani

MIRANI, 4754 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in QLD have risen as a whole, pulling MIRANI, 4754 values up and netting property investors a capital gain of 22.31% for the past year.

Investors saw the median home price rise to $370,000.

Profits due to an upward trend in home prices in the suburb averaged 12.09% per annum over a 3-year period.

MIRANI now ranks at the 271st place on a list of fastest growing suburbs in the territory.

Because of this real estate investors could earn a rental income of $400 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In MIRANI, homes and units usually stay on listing for an average of 72.6 days.

In 2016, 23 properties were sold in MIRANI during the past year, making it the 519th most active market in QLD based on total real estate transactions.