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Miami, QLD 4220

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 Miami, QLD 4220 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 “Miami, QLD 4220”

  1. The total adult population (15 years or older) of Miami 4220 QLD is 6,380, with a median age of 37. Of those, 33.54% are married, 15.09% are divorced or separated, 47.16% are single and 4.20% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $9,080. The median monthly mortgage repayment for households in this suburb is $2,000 which is 22.03% of their earnings.

    Source: ABS Census Data (2021)

  2. Located within the state of Queensland, the suburb of MIAMI 4220 boasts an estimated 4511 households. As the third quarter of 2023 unfolds, it’s worth noting that the typical prices for houses in MIAMI 4220 sit at an impressive $1,656,326. The substantial median weekly rent accrued from these houses is approximately $1071, churning out an attractive indicative yield of 3.36%.

    The socio-economic well-being of this suburb is evidenced with an IRSAD score that sits at a commendable 1041 out of 1217, indicating a healthy socio-economic performance and the suburb consists of relatively affluent residents. Furthermore, MIAMI 4220 has a renter to owner ratio of 39%. Although somewhat high, it’s not in the concerning range over 45%, meaning that while it’s a renter-heavy market, there are still many owner-occupiers which ensures stability.

    The unit-to-houses ratio is somewhat high at 54%, indicating a slight dominance of units over houses. This could make it a bit challenging for full-house landlords looking for tenants as it presents a higher competition and oversaturation in the rental market.

    The affordability index stands at a concerning 71 years, suggesting that owning property in this area may be less affordable to many residents given the high costs involved.

    Supplying the MIAMI 4220 real estate market is 0.35% of houses currently on sale, which is within the favourable range. The inventory level of houses in the suburb averages out at 0.98 month. Meanwhile, building approvals Ratio adds 0.55% to the existing housing stock, which aids in managing supply in response to demand.

    On average, houses in MIAMI 4220 spend about 44 days on the market before a successful sale. This surpasses the favourable high-demand range but is not extremely high so there seems to be a good level of demand.

    The vacancy rate, considering both units and houses, is at an neutral 1.81%, implying that while there’s demand, there is also some availability of housing.

    Finally, the buy search index for houses is at 4, which is just above the threshold for limited demand, possibly signalling a moderate interest from potential homebuyers.

    In conclusion, MIAMI 4220 is characterised by impressive house prices and yield rates, however, property market investors and buyers agents should be aware of the slightly high levels of competition due to more units than houses, less than ideal affordability and average demand. As always, strategic real estate investment decisions should weigh heavily on a thorough understanding of the property market data, market trends and evolving market developments in the suburb of interest. Absolute reliance on trend and market data can be efficiently replaced by the innovative RCS (Relative Composite Score) analytics provided by HtAG.

    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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