All Suburbs

Miranda

NSW 2228LGA: Sutherland Shire

Investment Score

76

/100

AI Intelligence Summary

Miranda is a well-established suburb in the Sutherland Shire, 24km south of Sydney CBD, serving as a major commercial hub for southern Sydney. The suburb is anchored by Westfield Miranda, one of Sydney's largest shopping centers, creating a vibrant retail and employment precinct. With excellent transport connectivity via Miranda Railway Station on the T4 line and extensive bus networks, the area attracts diverse demographics including families, professionals, and retirees. The housing stock is dominated by high-density units and apartments around the commercial core, with some detached houses in quieter residential streets. Miranda benefits from proximity to beaches, Royal National Park, and quality educational facilities. The multicultural community, particularly with significant Asian Australian populations, contributes to the area's diverse dining and cultural offerings. Recent urban renewal projects and future infrastructure planning, including potential light rail connections, position Miranda for continued growth. The property market shows resilience with strong rental demand driven by transport accessibility and amenities, making it attractive for both owner-occupiers and investors seeking steady returns in an established location.

Strengths

  • Major retail hub with Westfield Miranda providing employment and convenience
  • Excellent transport connectivity to Sydney CBD via direct train services
  • Diverse multicultural community creating vibrant cultural atmosphere
  • Proximity to beaches and Royal National Park for recreation

Opportunities

  • Future light rail connections enhancing transport options
  • Commercial precinct expansion creating more employment opportunities
  • Urban renewal projects improving streetscape and amenities
  • Growing Asian Australian community supporting specialized retail and dining

Considerations

  • High-density development may impact residential amenity and parking
  • Traffic congestion around shopping precinct during peak times
  • Limited housing diversity with apartment dominance
  • Aging population trend requiring increased community services

Property Market

Median House

$1.38M

+8.5% 1yr

Median Unit

$720K

+6.8% 1yr

Median Townhouse

$950K

Rent (House)

$850/wk

Rent (Unit)

$665/wk

Days on Market

32

Vacancy Rate

1.8%

Auction Clearance

72.0%

Price Growth

Type1 Year3 Year5 Year
House+8.5%+18.2%+32.5%
Unit+6.8%+15.4%+28.7%

Rental Yields

House Yield

3.2%

Unit Yield

4.8%

Townhouse Yield

3.8%

Investment Scorecard

Overall Investment Score76/100
Growth Potential72/100
Cashflow Score74/100
Risk Score (lower = safer)72/100
Affordability Index62/100

Demand/Supply Ratio: 1.40

Demand exceeds supply — favourable for sellers

Tax & Financial Intelligence

CPA-grade analysis for Miranda at median house price

Standard transfer
$58,290
First Home Buyer
$58,290
Foreign buyer surcharge
$110,400

+8% surcharge

Annual rent income
$44,200

$850/wk

Interest (80% LVR @ 6.5%)
-$71,760
Other expenses (~2.5%)
-$34,500
Net rental position
-$62,060

Negatively geared

Tax benefit (39% MTR)
+$24,203

Reduces taxable income

After-tax holding cost
$37,857/yr

~$728/week

Based on 6.5% p.a. growth (from 5-year trend), 50% CGT discount, 39% MTR

5-Year Hold

Est. value
$1.89M
Capital gain
$445,530
After discount
$222,765
CGT payable
$86,878

10-Year Hold

Est. value
$2.59M
Capital gain
$1.15M
After discount
$572,630
CGT payable
$223,326

Investor Quick Summary

Entry cost (stamp duty)

$58,290

After-tax yield

1.95%

Weekly holding cost

$728/wk

10yr CGT (est.)

$223,326

Estimates based on FY2025 NSW rates at median house price. Assumes 80% LVR, 6.5% interest rate, 39% marginal tax rate ($135K-$190K bracket). Individual circumstances vary. This is general information only and not personal financial advice. Consult your CPA before making investment decisions. Local Knowledge Pty Ltd — Registered Tax Agent.

Demographics

Population

15,800

Median Age

42

Median Income

$82K

per annum

Family Households

58.0%

Professionals

45.0%

University Educated

38.0%

Unemployment

4.2%

Born Overseas

42.0%

Dwelling Mix

Houses: 35%Units: 58%Townhouses: 7%Total: 7,200

Lifestyle & Community

Walkability78/100
Public Transport9/10
Schools Rating7/10
Safety8/10
Family Friendly8/10
Cafes & Restaurants

85

Parks

12

Hospitals

2

Distance to CBD

24.0 km

Nearest Station: Miranda Station

Shopping, dining, entertainment at Westfield Miranda, beach access, parkland recreation, multicultural dining scene, community events and festivals

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Data sourced from multiple sources. Last updated 28 March 2026.

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