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Miranda Suburb Insights
VICLocation Information
Suburb Name
Miranda, VIC
Distance from CBD
16.7 kmDemographics
Population
15,284
Median Income
$38,272
Area Information
Area
4.68 km²
Population Density
3266 people/km²
Property Market
Median Price
$1,168,320
Annual Growth
+19.6%Property Price Trend Analysis
Current Median Price
$1,168,320
Annual Growth
+19.6%
Quarterly Growth
+3.9%
Price Trends - Last 6 Months
2024-01
$1,044,605
+4%2024-02
$393,128
+10.1%2024-03
$416,721
+5.4%2024-04
$1,082,556
+12.8%2024-05
$403,203
+12.9%2024-06
$865,324
+12.9%Property Type Price Analysis
House
Median Price
$1,131,217
Growth Rate
+11%Available Listings
156 properties
Apartment
Median Price
$402,354
Growth Rate
+7.6%Available Listings
775 properties
Townhouse
Median Price
$883,006
Growth Rate
+8%Available Listings
214 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Strong quarterly growth momentum
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy