All About Miranda, Port Augusta , SA 5700

Miranda Real Estate Market Outlook

Thinking about buying in Miranda? Now could not be a better time, with just 115 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $364,000 with prices in this suburb ranging from $188,000 to $907,000. Miranda is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Miranda due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The high percentage of professional people in Miranda classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Miranda necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Instant Property Valuation

Miranda, a picturesque suburb located in Port Augusta, South Australia, offers a unique blend of coastal charm and suburban tranquility. The housing market in Miranda has seen gradual growth, characterized by increased interest from both investors and families looking to settle in a serene environment. Housing options mainly comprise detached single-family homes, often set on generous plots of land, reflecting the area’s spacious, laid-back lifestyle. Recent trends suggest a moderate increase in property values, spurred by infrastructural developments and the suburb's growing reputation as a peaceful retreat from the hustle and bustle of city life. Despite the rising prices, Miranda remains an affordable alternative compared to urban centers, making it an attractive option for budget-conscious buyers.

Living in Miranda offers residents a relaxed lifestyle, bolstered by stunning natural surroundings, including access to nearby beaches and nature reserves. The suburb is appreciated for its close-knit community and family-friendly atmosphere, with local events and outdoor activities fostering a strong sense of belonging among residents. Essential amenities such as schools, shops, and healthcare facilities are easily accessible, ensuring a high standard of convenience. Moreover, the locality provides excellent opportunities for recreational activities, including fishing, hiking, and exploring the scenic beauty of the Port Augusta region. Overall, Miranda is an ideal locale for those seeking a harmonious blend of nature, community, and comfort, away from the metropolitan grind.

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