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Miles, QLD 4415

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Miles, QLD 4415 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Miles, QLD 4415”

  1. The total adult population (15 years or older) of Miles 4415 QLD is 1,493, with a median age of 38. Of those, 40.72% are married, 14.47% are divorced or separated, 37.11% are single and 7.90% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $6,500. The median monthly mortgage repayment for households in this suburb is $1,020 which is 15.69% of their earnings.

    Source: ABS Census Data (2021)

  2. The quaint suburb of Miles, 4415, nested in Queensland, boasts approximately 1380 household units, all contributing heartily to the community’s life. Its property market presents a unique set of dynamics as we delve into the Q3 statistics for this year, 2023.

    The typical house price circles around $266,100, with a median weekly rent hitting the mark at $342. Seen together, these figures churn an impressive indicative yield of 6.68%, a highly attractive figure for cashflow-oriented property investors as it significantly tops the minimum market requirement of 3%.

    Plunging deeper into the fundamentals, the IRSAD score, a socio-economic indicator, stands at 897 out of a possible 1217, suggesting a reasonably sound socio-economic status of the area’s population. Despite a renter to owner ratio of 47%, crossing the optimum percentage of 30%, property investors might harness a favourable setting with a units to houses ratio standing at a mere 10%. This low ratio implies less competition among landlords for prospective tenants, thereby helping sustain higher rental yields in the long run.

    Moreover, the property market is further favourably impacted with an affordability index of 16 years well below the standard 30-year mortgage period, indicating that homeownership prospects remain high amongst the residents of the area.

    Examining the supply metrics further drive home the attractiveness of Miles’ property market with a stock on market percentage for houses at a meagre 0.18% indicating limited supply. Combined with an inventory level of merely 1.0 months, this suggests the market’s excellent ability to quickly absorb new listings.

    The building approval ratio for houses stands at an insignificant 0.0%, indicating the limited supply of new dwellings, another point in favour for potential investors.

    On the downside, houses in Miles spend an average of 201 days on the market indicating low demand and longer than ideal sales timelines. However, a healthy vacancy rate of 2.77% – combined for both houses and units – stays within the neutral demand range, suggesting ample opportunities for rentals.

    Finally, whilst the buy search index for houses is at 3 signifying average demand, it’s crucial to understand the property market dynamics well before making investment decisions. With several metrics falling into favourable ranges, Miles, 4415, presents an enticing prospect for property investors.

    It’s recommended to further study the housing market’s Relative Composite Score (RCS) developed by HtAG Analytics for a comprehensive understanding of the market involving over 80 different metrics. Prospective investors should also keep an eye out for the trends displayed on the dashboard for an in-depth insight into the evolving property market scenario.

    Remember, although some metrics may lie beyond the preferred ranges, the suburbs can still make for a promising investment if a majority of the other factors hover in the favourable brackets.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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