Question 1

Is Mira Mar a nice place to live?

Accepted Answer

Mira Mar sits on gentle slopes overlooking King George Sound and is within easy reach of Middleton Beach and Albany’s CBD without being in the town centre. The streets mix older timber cottages and character homes with more recent suburban builds on established blocks, giving a relaxed, lived-in feel. It attracts families, professionals and retirees; families make up the bulk of households and owner-occupation is more common than renting. Residents benefit from nearby parks and walking routes on Mount Melville, straightforward road and bus connections, and quick access to local shops, cafes and coastal recreation.

There is an ongoing state-led landslip remediation in the Sleeman Avenue and Anzac Road area. The Department of Planning, Lands and Heritage now manages the site, has purchased several directly affected properties and some houses have been demolished. Water-management and longer-term remediation designs are being progressed and the site remains under active monitoring.

Question 2

Is it expensive to live in Mira Mar?

Accepted Answer

A house in Mira Mar rents for about $635 a week. Against a typical local household income of $1,299 a week as recorded at the last Census, that rent would take roughly 48.9% of a household's weekly income, which is a large share.

If you're renting rather than buying, that rent share is the number that matters. Whether that feels expensive will depend on your own income and 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

In Mira Mar the house market saw large gains over the past 12 months: median house values climbed 24.5% while house rents increased 27.0%. Both moves are strong, and rent growth slightly outpaced capital growth this year, so the income a house produces rose a little faster than its price. Which of those outcomes matters most will depend on your individual goals and circumstances.

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	24.5%	N/A
Sold Past 3 months	7	2
Median days on market Past 12 months	12	N/A
Average rent Past 12 months	$635	N/A
Change in rent Past 12 months	27.0%	N/A

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