Miles is a small community in Queensland within the Western Downs local government area (postcode 4415). With a population of 1,874, the suburb has an established demographic with a median age of 38. Households earn a median income of $66K per year, with an average household size of 2.3 people. The most common occupations are technicians & trades, labourers, machinery operators & drivers. The top ancestries reported are Australian, English, Scottish.
The median house price in Miles is $250,000, having surged 20.5% over the past year. Units have a median price of $205,000 (-6.8% YoY). The current median weekly rent is $350. This gives a gross rental yield of approximately 7.3%. The median monthly mortgage repayment is $1,020.
Miles is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 908, which is below the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the Western Downs LGA is moderate at 6,885 incidents per 100,000 population.
From an investment perspective, Miles offers a gross rental yield of 7.3%, rated as high yield. Property prices sit below the state median ($250K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 3.8x is considered affordable. House prices have moved +20.5% year-on-year.
Miles is a small community in Queensland within the Western Downs local government area (postcode 4415). With a population of 1,874, the suburb has an established demographic with a median age of 38. Households earn a median income of $66K per year, with an average household size of 2.3 people. The most common occupations are technicians & trades, labourers, machinery operators & drivers. The top ancestries reported are Australian, English, Scottish.
The median house price in Miles is $250,000, having surged 20.5% over the past year. Units have a median price of $205,000 (-6.8% YoY). The current median weekly rent is $350. This gives a gross rental yield of approximately 7.3%. The median monthly mortgage repayment is $1,020.
Miles is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 908, which is below the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the Western Downs LGA is moderate at 6,885 incidents per 100,000 population.
From an investment perspective, Miles offers a gross rental yield of 7.3%, rated as high yield. Property prices sit below the state median ($250K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 3.8x is considered affordable. House prices have moved +20.5% year-on-year.