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%.