Question 1

Is Mirani a nice place to live?

Accepted Answer

Mirani sits beside the Pioneer River at the foothills of the Eungella Range and has a compact main street surrounded by cane fields.

Couples with children are the largest family group, at 43.4% of families, and most homes are owner-occupied; the town centre has shops, a hotel and community facilities, while Mirani Dam and nearby state forests provide fishing and bushwalking and road links connect residents to larger services in the regional centre. The Mirani Community Precinct has had its concept design endorsed and is planned on the council administration, library and museum site in Victoria Street, with new flexible workshop spaces and landscaped linkages.

Question 2

Is it expensive to live in Mirani?

Accepted Answer

A median house in Mirani is currently $694,000. A typical local household earned about $1,872 a week at the last Census, which annualises to $97,344, so that house price is about 7.1 times a typical local annual household income.

On these figures, buying a house in Mirani sits well above local incomes; if you are looking to buy rather than rent, that multiple is the most relevant measure. 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 Mirani a good place to invest?

Accepted Answer

A strong 12.5% rise in Mirani house values over the past 12 months is the main movement shown. For houses, that change represents a substantial increase in capital value for the 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	$694K	N/A
Change in value Past 12 months	12.5%	N/A
Sold Past 3 months	10	1
Median days on market Past 12 months	16	N/A
Average rent Past 12 months	N/A	N/A
Change in rent Past 12 months	N/A	N/A

	Suburb	QLD
Median age years	33	38
Median household income weekly	$1,872	$1,675
Couples with children share of families	43.4%	41.2%
Couples without children share of families	35.8%	40.3%
One-parent families share of families	18.9%	16.8%
Homes owned outright share of homes	25.8%	30.1%
Homes with a mortgage share of homes	45.5%	35.6%
Homes rented share of homes	28.6%	34.3%

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