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Miranda, NSW 2228
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$2,035,000
market range $1.9M-$2.1M
Median Unit
$840,000
market range $800K-$875K
Gross Yield (houses)
2.6%
1yr Growth (houses)
+4.4%
market range -2.5% to +10.0%
Investment snapshot for Miranda
Miranda has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Miranda market and investor summary
Miranda (NSW 2228) runs a median house price of $2.0M, with houses yielding a gross 2.6%. House prices have moved +4.4% over the past year and +19.2% over three years. At 0.9% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.6% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 0.9% and a resident base that is not shrinking.
Living in Miranda: people, income and schools
Miranda has a resident population of roughly 17,942, and the area has been growing steadily, up about 13% over five years. The median age is 39, broadly working-age, and families account for 68% of households.
Households here earn a median of about $100,000 a year, or roughly $1,920 a week. On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 20.4 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 36% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
There are 54 schools within about 5km, testing a little above the national school average on ICSEA. It is roughly 21 km from the CBD. Most day-to-day errands are doable on foot; the suburb scores 74 for walkability and 69 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 17,942
- +13% over 5yr
- Median age
- 39 years
- Median household income
- $100,000/yr
- Households renting
- 35%
- Family households
- 68%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 54
- avg ICSEA 1055
- Unemployment
- 3.4%
- Distance to CBD
- 21 km
- Walk score
- 74/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Miranda
View all →Frequently asked questions about Miranda
What should I check before investing in Miranda?
Miranda has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.4% gives a usable rent-to-price starting point. Capital growth of +4.4% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Miranda?
The median property price in Miranda, NSW 2228 is $2.0M for houses and $840K for units.
What rental yield does Miranda show?
The gross rental yield in Miranda is 2.6% for houses and 4.4% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Miranda?
House prices in Miranda are up 4.4% over the past year and up 19.2% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Miranda?
The current vacancy rate in Miranda is 0.9%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Miranda?
Miranda has a population of approximately 17,942 residents, with a median age of 39.
What schools are near Miranda?
There are 54 schools within roughly 5km of Miranda. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Miranda affordable to buy in?
A median house in Miranda costs about 20.4 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Miranda's population growing?
The population of Miranda has grown about 13% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Miranda from the CBD?
Miranda is about 21 km from the CBD.
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