Suburb Profile Report for Scarborough QLD (4020)

Scarborough House: Median price $507,250, Annual capital growth 4.76%, Number of sales 154, Weekly median advertised rent $390

Scarborough Unit: Median price $472,500, Annual capital growth 2.90%, Number of sales 107, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Scarborough, 4020 have given investors a capital gain of 9.09%. This compares very favourably with the 1.98% for QLD as a whole.

The five-year average increase in median property values for Scarborough,4020 has given property investors a potential capital gain of 24.48% across each of those five years.

The most recent median price for Scarborough is $507250, with sellers offering an average of -5.81% off the asking price.

QLD has seen average median house prices change by 0.77% which means that Scarborough, 4020 has done well for property investors by showing a capital gain of 10.53% over the last year

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Scarborough has increased when compared to the 5 year average annual rate.

LACK OF BUYER INTEREST may well be the reason that Scarborough is offering property investors an average of -5.98. This rate of discount on properties puts Suburb at number 126th in terms of most discounted suburbs in QLD

A $380 per week rent on the median house gives suburb investors a gross yield of circa 4.18%, without taking into account capital value appreciation, which has been averaging out at 2.90%.

HOUSE UNIT
$507,250 $472,500
4.48% 0.96%
9.09% 10.53%
4.76% 2.90%
$390 $380
154 107
4.00% 4.18%
87.17 116.55

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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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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