Question 1

Is Mira Mar a nice place to live?

Accepted Answer

Mira Mar has tree-lined streets, a mix of early 20th-century weatherboard cottages and later brick homes, and elevated outlooks toward Princess Royal Harbour.

The community is older, with incomes below the Western Australian median, and couples without children make up 46.3% of families; most homes are owner-occupied. Everyday life follows a quiet residential rhythm, with small local parks, nearby walking trails and public reserves, and straightforward road links and local bus routes into Albany's centre for shops, cafés and services. The suburb has been the site of a landslide remediation where immediate risk-management works were completed and water-management works are expected to start.

Question 2

Is it expensive to live in Mira Mar?

Accepted Answer

In Mira Mar, the average house rent is $635 a week. A typical local household had about $1,299 a week at the most recent Census, so paying that rent would take roughly 49% of a typical household's weekly income, which is a large share of income. For renters, that percentage is the most relevant measure of cost; whether it feels expensive depends on your own circumstances.

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 Mira Mar a good place to invest?

Accepted Answer

A strong 37.0% rise in Mira Mar house values over the last 12 months was accompanied by a strong 15.5% increase in house rents. For houses, capital growth outpaced rental income growth over that period.

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	N/A	N/A
Change in value Past 12 months	37.0%	N/A
Sold Past 3 months	3	2
Median days on market Past 12 months	13	N/A
Average rent Past 12 months	$635	N/A
Change in rent Past 12 months	15.5%	N/A

	Suburb	WA
Median age years	46	38
Median household income weekly	$1,299	$1,815
Couples with children share of families	31.8%	44.6%
Couples without children share of families	46.3%	38.8%
One-parent families share of families	19.8%	15.1%
Homes owned outright share of homes	37.7%	30.2%
Homes with a mortgage share of homes	25.3%	41.4%
Homes rented share of homes	36.9%	28.3%

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