Located in New South Wales within the Sutherland Shire local government area, Miranda is a settled mid-to-large suburb (postcode 2228). With a population of 17,942, the suburb has an established family demographic with a median age of 39. Households earn a median income of $100K per year, with an average household size of 2.4 people. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
Miranda has a median house price of $2.1 million, which has posted strong gains by 5.6% year-on-year. Units have a median price of $1.2 million (+44.4% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,546.
Miranda is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 1052, which is above the national average of 1,000. Public transport access includes 1 rail station, 63 bus stops. Healthcare facilities include 3 private hospitals. The crime rate in the Sutherland Shire LGA is low at 1,776 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 1.9% (low yield). Property prices are above the state median ($2.1M/$1.5M), placing it in the premium segment. The price-to-income ratio of 20.6x is considered stretched. House prices have moved +5.6% year-on-year.