Miami is a mid-sized suburb in Queensland within the Gold Coast local government area (postcode 4220). With a population of 7,445, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $95K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Miami is $1.6 million, having surged 11.1% over the past year. Units have a median price of $980,000 (+15.3% YoY). The current median weekly rent is $900. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $2,000.
Miami is served by 1 school, including 1 secondary. The average ICSEA score is 1032, which is around the national average of 1,000. Public transport access includes 21 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Gold Coast LGA is moderate at 5,745 incidents per 100,000 population.
From an investment perspective, Miami offers a gross rental yield of 3.0%, rated as moderate yield. Property prices are above the state median ($1.6M/$1.1M), placing it in the premium segment. The price-to-income ratio of 16.3x is considered stretched. House prices have moved +11.1% year-on-year.
Miami is a mid-sized suburb in Queensland within the Gold Coast local government area (postcode 4220). With a population of 7,445, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $95K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Miami is $1.6 million, having surged 11.1% over the past year. Units have a median price of $980,000 (+15.3% YoY). The current median weekly rent is $900. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $2,000.
Miami is served by 1 school, including 1 secondary. The average ICSEA score is 1032, which is around the national average of 1,000. Public transport access includes 21 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Gold Coast LGA is moderate at 5,745 incidents per 100,000 population.
From an investment perspective, Miami offers a gross rental yield of 3.0%, rated as moderate yield. Property prices are above the state median ($1.6M/$1.1M), placing it in the premium segment. The price-to-income ratio of 16.3x is considered stretched. House prices have moved +11.1% year-on-year.