Location Spotlight | Miami

MIAMI, QLD 4220

Miami, QLD 4220 has become a popular destination due to its array of cafes, restaurants, and entertainment venues. Additionally, the suburb is home to the popular Miami Marketta, which offers street food, live music, and artisanal products. Moreover, Miami is an ideal location for those seeking an active lifestyle, with a number of parks, sports facilities, and outdoor activities available. Furthermore, the suburb is known for its beautiful beaches and surf spots, which attract visitors from all over the world. Lastly, Miami has a strong sense of community, with regular events and festivals that bring residents together.

Demographic Profile

Firstly, the Maturing and Established Independence category, Independent Youth, and Older Independence make up the majority of Miami residents, with 18.0%, 17.5%, and 13.7%, respectively. Secondly, Miami has an estimated population of around 7,500, with an average age of approximately 20-39 years. Moreover, approximately 58% of properties are owner-occupied, while 42% are rented. Lastly, around 65% of households consist of singles, with families accounting for 35%.

Real Estate Value

In the past twelve months, the median sale price for Miami’s houses was $963,500, with units at $565,000. Over the past ten years, Miami has seen a healthy yearly capital increase of 4.67% for houses and 3.87% for units.

Median house prices have risen by 14.43% in the last twelve months, with median unit prices soaring 19.54% due to the increasing value of real estate on the Gold Coast during COVID-19. The median weekly rent for houses is $600, while units have a median weekly rent of $465.

Property Demand

Miami is a ‘high demand market,’ with 1,467 webpage visits per listing compared to Queensland’s average of 877. 209 properties have been sold in the past year, with houses taking 35 days and units taking 58 days to sell. The average price discount across all property types was -4.24%.

Location Layout

Miami has an area of around 3 square kilometers and boasts 14 parks that cover approximately 17% of its total area. Its borders include Mermaid Beach and Mermaid Waters to the north, Robina to the west, and Burleigh Heads and Burleigh Waters to the south.

It is located 91 kilometers from Brisbane CBD, 13 kilometers from Southport, 16 kilometers from Coolangatta, and 86 kilometers from Byron Bay, and is well-connected to these areas through multiple transportation options, including buses, trains, and highways.

Facilities and Attractions

Not to be outdone by nearby Nobby’s Beach or Burleigh Heads, Miami has an array of popular cafes, dining, and entertainment venues. Examples include Paddock Bakery, Grandad Jacks Whiskey and Gin Distillery, Miami Marketta, and Lost Palms Brewing Co.

For those looking for recreational activities, the Pizzey Park Sporting Complex offers various options, such as league, skateboarding, swimming, and ample outdoor space. The Burleigh Bears Rugby League Club and Miami Aquatic Centre, both based in Miami, have produced future Australian sporting champions.

Miami has a lot to offer, making it a popular destination on the Gold Coast.

Final Thought:

Miami was once overlooked but is now a popular Gold Coast suburb with a strong community and excellent amenities. Investing in Miami’s real estate is smart.

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