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Mira Mar
AREA REPORTS

Mira Mar

Mira Mar - SUBURB PROFILE REPORT
POSTAL CODE: WA, 6330

house
unit

MIRA MAR, 6330 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in WA have risen as a whole, pulling MIRA MAR, 6330 values up and netting property investors a capital gain of 1.53% for the past year.

Investors saw the median home price rise to $497,500.

Profits due to an upward trend in home prices in the suburb averaged 3.11% per annum over a 3-year period.

MIRA MAR now ranks at the 314th place on a list of fastest growing suburbs in the territory.

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

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 MIRA MAR, homes and units usually stay on listing for an average of 48.7 days.

In 2016, 64 properties were sold in MIRA MAR during the past year, making it the 88th most active market in WA based on total real estate transactions.

Data report can be found below

Mira Mar
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $497,500 $377,000
GROWTH REPORT
Median Quarterly 1.84% 6.2%
Median 12 month 1.53% 37.09%
Median 3 years 9.34% N/A
Median 5 years 32.67% 33.45%
10 years average annual 3.01% 14.55%
Weekly media advert. rent $400 $300
Time on Market 48.7 days 60.9 days
Gross Rental Yield Percent 4.18% 4.14%
demographics (median values)*
Total Population
35869
Weekly Household Income
1208
Household Size
2.40
Age
43
Monthly Loan Repayment
1603
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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