Question 1

Is Miranda a nice place to live?

Accepted Answer

Miranda is the Sutherland Shire's retail and transport hub between Cronulla and the Royal National Park. Westfield Miranda and the Kingsway strip have shops, eateries and a cinema, and Miranda railway station links the suburb to the rest of Sydney. Beyond the centre there are leafy mid-century and contemporary detached houses and a corridor of medium-density apartments and townhouses close to the shops.

Miranda is home to 17,942 people with a median age of 39. The typical household reports a median total income of $1,920 a week, roughly $99,840 a year.

Families dominate the mix: couple families with children are the largest group at 43.8%, while couple families without children make up 37.8% — together they account for just over four in five families. One-parent families represent 16.5% and other families 1.9%.

Homes in Miranda are mostly owner-occupied. Owned outright households are 29.4% and those owned with a mortgage 34.3%, a combined owner-occupied share of 63.7%, while renters make up 36.3%.

Question 2

Is it expensive to live in Miranda?

Accepted Answer

Buying sits far above local incomes: a median house in Miranda at $1,880,000 is about 18.8 times a typical local annual household income at the last Census, while the median unit at $815,000 is about 8.2 times that income.

Rents are a large share of that same local income. A house rent of $1,050 a week would take about 54.7% of a typical local household's weekly income of $1,920, while a unit rent of $700 a week would take about 36.5%. On these figures, buying is well above what local households earned at the last Census, and renting, particularly for houses, takes a sizeable to large share of a typical local household's income. Whether that 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 Miranda a good place to invest?

Accepted Answer

Over the past 12 months in Miranda, house values rose 8.9%, house rents increased 5.7% and unit rents increased 7.7%. For houses the value increase outpaced rent growth, so capital growth was the stronger performer on the house side this year. By contrast, unit rents grew faster than house rents, so the larger movement for units this year was on the rental-income side.

Which of those outcomes matters to you comes down to whether you prioritise capital growth or rental income and to your own 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	$1.88M	$815K
Change in value Past 12 months	8.9%	N/A
Sold Past 3 months	37	61
Median days on market Past 12 months	38	24
Average rent Past 12 months	$1050	$700
Change in rent Past 12 months	5.7%	7.7%

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

Miranda suburb profile

Miranda property market performance

5 year median price trend for houses and units

Miranda demographics

Suburbs near Miranda

How does Miranda compare to nearby suburbs?

Choose the right real estate agents in Miranda

Get a head start and compare top local agents in Miranda

Not quite ready to sell?

Suburb and property report

Digital estimate for your property

Navigate the market