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Miami Profile
The size of Miami is approximately 2 kmē. It has 3 parks covering nearly 26% of the total area.
The population of Miami in 1996 was 6,204 people. By 2001 the population was 6,493 showing a population growth of 5% in the area during that time.
The predominant age group in Miami is 20 - 29 years.
Households in Miami are primarily couples with children and are likely to be repaying between $800.00 - $1000.00 per month on mortgage repayments.
In general, people in Miami work in a clerical occupation.
In 1996, 44% of the homes in Miami were owner-occupied compared with 47% in 2001.
Currently the median sale price of houses in the area is $435,000.
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Number of Unit Sales Per Annum
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|
1996 |
1997 |
1998 |
1999 |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006
(ytd) |
|
179 |
137 |
127 |
163 |
173 |
272 |
357 |
298 |
144 |
186 |
49 |
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Percentage Change in Apartment Median Prices
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Miami |
Gold Coast Area |
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Period |
% Change |
% Change |
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2006 |
-2.0% |
3.4% |
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2005 |
11.5% |
7.9% |
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2004 |
14.1% |
18.4% |
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2003 |
30.2% |
22.5% |
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2002 |
23.9% |
16.6% |
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Recent Median Apartment Sale Prices
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Miami |
Gold Coast Area |
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Period |
Median Price |
Median Price |
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February 2006 |
$ 345,000 |
$ 310,000 |
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January 2006 |
$ 333,700 |
$ 305,000 |
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December 2005 |
$ 310,000 |
$ 320,000 |
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November 2005 |
$ 365,000 |
$ 380,000 |
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October 2005 |
$ 379,922 |
$ 310,000 |
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September 2005 |
$ 324,450 |
$ 305,000 |
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August 2005 |
$ 310,500 |
$ 300,000 |
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July 2005 |
$ 317,750 |
$ 310,000 |
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June 2005 |
$ 280,000 |
$ 320,000 |
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May 2005 |
$ 307,500 |
$ 315,000 |
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April 2005 |
$ 294,000 |
$ 300,000 |
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March 2005 |
$ 305,000 |
$ 285,500 |
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Rental Market (Quarterly) |
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1 Bedroom Flat |
2 Bedroom Flat |
3 Bedroom Flat |
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Median Rent |
Bonds Lodged |
Median Rent |
Bonds Lodged |
Median Rent |
Bonds Lodged |
|
$ 200 |
25 |
$ 240 |
177 |
$ 295 |
30 |
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