Miranda NSW Property Investment
Sutherland · 2228 · Score: 70/100 · Buy
Miranda Short-Term Rental (Airbnb) Market
Estimated revenue assumes year-round availability. Non-hosted short-stays are night-capped in some councils (e.g. 60 nights across most of Byron Shire, 180 in Ballina, Muswellbrook and parts of Greater Sydney) and levied in Victoria — the legal cap can cut achievable income well below this figure. Run STR Check for the rules on a specific address.
Miranda NSW Investment Brief
BUY — 3.1% gross yield on a $2,030,000 median.
THE MARKET
Median house price in Miranda sits at $2,030,000 with 26 days on market and a 1.6% vacancy rate. This is a tight rental market right now.
- Median house: $2,030,000 | Units: $850,000
- Gross yield: 3.1% | Net yield: 1.6%
- 5yr price CAGR: -1.9%/yr | 3yr forecast: -1.8%/yr
- Population: 17,942 | Owner-occupier rate: 64% | Affluence: Very High
- Supply pipeline: Low — Building approvals easing (1113/yr in 2020 → 745/yr in 2025) — less new competing supply entering the market
RENTAL SNAPSHOT
- Vacancy: 1.6% (worsening) | Rental demand: High
- Median weekly rent: $1,200/wk | Days on market: 26 (stable)
- Landlord market — rents likely to keep rising.
SHORT-TERM RENTAL
- Median nightly rate: $490/night | Occupancy: 40%
- Estimated annual STR gross: ~$71,595/yr
- vs long-term rent: $62,400/yr (+15% STR premium — factor in higher management costs)
INFRASTRUCTURE & CATALYSTS
- Sydney Gateway (Under Construction)
- Sydney Metro City & Southwest (Operational)
- New Intercity Fleet (NSW Trains) (Under Delivery)
- Transport: Standard suburban transport access
BULL CASE
If Miranda maintains 3%+ annual growth and vacancy stays below 1.1%, median prices could reach $2,334,500 within 3 years with yields compressing slightly as capital values rise.
BEAR CASE
A market correction or interest rate shock could see prices in Miranda pull back 10-15% from $2,030,000, with vacancy rising to 2.9% and rental yields softening as tenants gain leverage.
KEY RISKS
- Negative price growth suggests a softening market
- - Premium price point limits buyer pool and increases interest rate sensitivity
COMPARABLE MARKETS
- Lakemba (NSW): $1,600,000 median, 2.7% yield, 18.9% 1yr growth
- Yagoona (NSW): $1,487,500 median, 2.9% yield, 15.4% 1yr growth
- Wetherill Park (NSW): $1,450,000 median, 2.7% yield, 3.6% 1yr growth
THE PLAY
Miranda presents a compelling investment opportunity. The combination of solid fundamentals and high rental demand supports entry at current price levels. Proceed with due diligence on specific properties. Target gross yields above 3.1% and prioritise properties with value-add potential. Consider timing entry around the current recovery phase of the market cycle.
- Entry range: $1,827,000 – $2,233,000
- Minimum gross yield to target: 4.5%
- Watch signal: vacancy staying below 2% and days on market holding under 35
This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.
Gentrification Index
Growth Forecast
medium confidenceBasis: 3yr growth 6.8% (discounted)
- +Strong population growth (2.7%/yr) driving demand
- +Low rental vacancy (1.6%) — constrained supply
- +Active market (26 days avg)
- +Premium transport infrastructure — supports long-term capital growth
- −High supply pipeline (5667 new approvals) — may cap price growth
Suburb Metric Thresholds
Macro Environment
Macro Indicators
Cash Rate
4.35%
▲ 0.25%Cash rate as at 2026-05-06 · Credit data 2026-07
Suburb Supply & Demand
Suburb Supply Pipeline — New Dwelling Approvals
1,113
2020
1,488
2021
1,323
2022
998
2023
745
2025
New dwelling approvals — higher numbers mean more future supply
Socio-Economic Profile
Source: ABS Census 2021SEIFA Index · Postcode 2228
Decile 8 of 10 — Low disadvantage
Population
21,001
Education (IEO)
8/10
Econ. Resources (IER)
7/10
10-Year Investment Projection
Modelled on Miranda NSW data — rent, capital growth, tax, and depreciation over 10 years.
Pre-filled: $1200/wk median rent for Miranda. Capital growth and rent increase are editable assumptions.
Schools
In your catchment
These are the government-school zones containing this suburb centroid. Specific addresses within the suburb may fall in different catchments — confirm with the school directly.
Nearby Suburbs
Analyse a Property in Miranda
Get instant STR rules, granny flat feasibility, rental yield, and full investment strategy comparison for any address in Miranda.
Analyse a Property →Data sourced from ABS, state government property sales, and Airbnb market analytics. For informational purposes only — not financial advice.