Miles (postcode 4415) is a small community in Queensland within the Western Downs local government area. With a population of 1,874, the suburb has a settled mid-life population with a median age of 38. Households earn a median income of $66K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 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 technicians & trades, labourers, machinery operators & drivers. Employment in the area leans toward retail trade and healthcare. The top ancestries reported are Australian, English, Scottish.
The median house price in Miles is $250,000, having climbed sharply by 20.5% over the past year. Units have a median price of $205,000 (-6.8% YoY). The current median weekly rent is $360. This gives a gross rental yield of approximately 7.5%. 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 6,366 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 7.5% (high yield). Property prices sit below the state median ($250K/$1.1M), which can point to relative value. The price-to-income ratio of 3.8x is considered affordable. House prices have moved +20.5% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.