Question 1

Is Miami a nice place to live?

Accepted Answer

Miami is a coastal Gold Coast suburb with a relaxed, surf-centred feel and a modest café strip near the sand. Housing ranges from low-rise beachfront apartments to older weatherboard cottages on tree-lined streets, so the area mixes holiday-orientated accommodation with everyday family homes. The Gold Coast Highway and regular buses link the suburb along the coast, and nearby Burleigh Head National Park and Tallebudgera Creek are used for walking, surfing and picnics. Miami keeps a low-key, village-like character.

About 7,445 people live in Miami, with a median age of 37 and a median household income of $1,831 a week (roughly $95,200 a year). Families are dominated by couples, 44.8% without children and 36.9% with children, and 59.5% of homes are owner-occupied while 40.5% are rented. A proposed Miami Creative Industries Precinct and inclusion in the City’s Neighbourhood Framework Broadbeach to Burleigh Heads show planning interest in the area. Whether that suits you depends on what you want from a suburb.

Question 2

Is it expensive to live in Miami?

Accepted Answer

In Miami, renting takes a large slice of local incomes. With house rent around $1,150 a week and unit rent about $850 a week, against a typical local household income of $1,831 a week at the last Census, rent would take roughly 62.8% for a house and 46.4% for a unit, both large shares of a household's weekly income. If you are renting rather than buying, those shares are the most directly relevant numbers to watch.

Buying is substantially more stretched against local incomes. A median house at $2,000,000 is about 21.0 times a typical local annual household income at the last Census (annual income $95,212), while a median unit at $1,000,000 is about 10.5 times that annual income; both sit well above local incomes on these figures.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Miami a good place to invest?

Accepted Answer

The clearest movement in Miami over the past 12 months is rental income: house rents jumped 21.1% while unit rents rose 13.3%. If rental income is your priority, the house side has been the stronger performer this year.

On the capital growth side, house values climbed 12.3% and unit values increased 7.4%, so houses outpaced units both in value growth and in rent growth over the year. What that pattern means for you depends on whether you prioritise rental income or price appreciation.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$2M	$1M
Change in value Past 12 months	12.3%	7.4%
Sold Past 3 months	18	19
Median days on market Past 12 months	21	29
Average rent Past 12 months	$1150	$850
Change in rent Past 12 months	21.1%	13.3%

Get a property report and suburb profile for any property in Miami

Miami suburb profile

Miami property market performance

5 year median price trend for houses and units

Miami demographics

Suburbs near Miami

How does Miami compare to nearby suburbs?

Choose the right real estate agents in Miami

Get a head start and compare top local agents in Miami

Not quite ready to sell?

Suburb and property report

Digital estimate for your property

Navigate the market