Miami
7,700
Population
$1,200,000
Average House price
$730,000
Average Unit price
55%
Growth-Unit prices
Location and Demographics
Miami, located on the Gold Coast, Queensland, is a vibrant suburb known for its beautiful beaches, lively community, and relaxed lifestyle. It is situated approximately 9 km south of Surfers Paradise and 13 km north of Coolangatta, making it a central and convenient location for both residents and visitors.
Community and Lifestyle
Miami offers a laid-back coastal lifestyle with a bustling local scene that includes a variety of cafes, restaurants, and boutique shops, particularly around the Miami Marketta and along the Gold Coast Highway. The suburb is popular for its pristine beaches, such as Miami Beach and North Burleigh Beach, which are perfect for swimming, surfing, and other beach activities. Miami is considered safe and family-friendly, providing excellent access to schools, parks, and other essential amenities.
Population Growth
The population has seen steady growth over the years, from around 7,000 in 2016 to an estimated 7,700 by 2024. The suburb attracts a diverse mix of professionals, families, retirees, and tourists, contributing to its dynamic and inclusive community.
Property Market Trends
The property market in Miami has shown significant growth over the past five years:
Sales Prices
House Prices
2019: $850,000
2024: $1,200,000
41% Growth increase
Unit Prices
2019: $470,000
2024: $730,000
55% Growth increase
Rental Market
Houses
Median Rent
2019: $620
2024: $900
45% Growth increase
Units
2019: $450
2024: $680
51% Growth increase
Rental Yield
The rental yield in Miami remains attractive
Houses
3.50%
Approximately in 2024.
Units
4.20%
Approximately in 2024
Miami is a great place to live and invest
Overall, Miami has experienced substantial growth and continues to be a highly desirable location due to its excellent amenities, beautiful natural surroundings, and strong community spirit. The property market remains robust, making it an ideal location for both living and investment.
