Suburb Profile Report for Scarborough QLD (4020)

Scarborough House: Median price $545,000, Annual capital growth 5.63%, Number of sales 160, Weekly median advertised rent $390

Scarborough Unit: Median price $490,000, Annual capital growth 2.51%, Number of sales 130, Weekly median advertised rent $390

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Scarborough, 4020 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 12.37%.

Taking the average capital gain, or increase in median house value, Scarborough,4020 has racked up an average of 12.37% over the period. This ranks it number 1691th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Scarborough should be aiming for at least -6.18% off the asking price, which is the average vendor discount being achieved at the moment.

Advertised rents are around the $390 mark per week – giving a return of 3.72% based on the median price in Suburb

Scarborough is in the TOP 30% in QLD when comparing median price capital growth over the last year. Scarborough gave property investors a good capital gain figure when compared to the rest of the state, with 6.77%.

Comparing Scarborough,4020 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property investors looking for a bargain in Scarborough should be aiming for at least -5.70% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 130 properties changed hands in Scarborough, which puts it as the 70th most active market in QLD when comparing the number of sales per suburb.

A $390 per week rent on the median house gives suburb investors a gross yield of circa 4.14%, without taking into account capital value appreciation, which has been averaging out at 2.51%.

Metrics i HOUSE UNIT
$545,000 $490,000
2.35% 0.51%
12.37% 6.77%
5.63% 2.51%
$390 $390
160 130
3.72% 4.14%
86.7 115.93

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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Demographics
Total population 7985
Median household income ($/weekly) 966
Median age of persons 45
Median housing loan repayment ($/monthly) 1840
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 837 10.5
    35-44 years 1043 13.1
    45-54 years 1152 14.4
    55-64 years 1171 14.7
    65-74 years 894 11.2
    Others 2889 36.2
    Age Group
    Census Count Percent(%)
    Registered Married 2862 46.5
    Not Married 2720 44.2
    Defacto Relationship 569 9.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 5692 74.4
    Papua New Guinea 461 6.0
    South Africa 61 0.8
    United Kingdom 789 10.3
    Other 233 3.0
    Others 418 5.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 81 1.1
    Christianity 5362 73.1
    Hinduism 17 0.2
    Other Religious Groups 43 0.6
    No Religion 1818 24.8
    Others 16 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 331 10.6
    $400-$599 432 13.9
    $600-$799 358 11.5
    $1,000-$1,249 268 8.6
    $1,500-$1,999 335 10.8
    Others 1384 44.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2650 41.2
    Employed, worked full-time 2175 33.9
    Employed, worked part-time 1142 17.8
    Unemployed, looking for work 250 3.9
    Employed, away from work 208 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 408 11.6
    Professionals 701 19.9
    Technicians & trades workers 491 13.9
    Community & personal service workers 409 11.6
    Clerical & administrative workers 571 16.2
    Others 948 26.9
    Occupation
    Census Count Percent(%)
    Pre-school 94 6.3
    Infants/Primary 570 38.4
    Secondary 395 26.6
    Technical or Further Educational Institution 140 9.4
    University or other Tertiary Institutions 206 13.9
    Others 80 5.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5634 74.8
    Flat, unit or apartment 1128 15.0
    Semi-detached, row or terrace house, townhouse 665 8.8
    Caravan, cabin, houseboat 97 1.3
    House or flat attached to a shop, office 9 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1196 35.9
    Fully owned 1046 31.4
    Being purchased 900 27.0
    Other tenure type 190 5.7
    Tenure Type
Census 2011, ABS
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