Suburb Profile Report for Scarness QLD (4655)

Scarness House: Median price $290,000, Annual capital growth 0.32%, Number of sales 88, Weekly median advertised rent $300

Scarness Unit: Median price $269,000, Annual capital growth -0.28%, Number of sales 36, Weekly median advertised rent $295

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 1892th in the list of Australian suburbs ordered by increase in median house value over the last year, Scarness, 4655 is in the top half with a property value increase of 7.41% recorded in median house prices.

Scarness,4655 was ranked 2647 in Australia by increase in median property value over the quarter.

Our latest figures would indicate that property sellers in Scarness are currently offering property investors an average price cut of -7.13% below the asking price at the moment.

At number 2904 in a list of fastest selling suburbs, Scarness is in the bottom 30% of suburbs in Australia with an average of days on market 105.05 for properties listed there.

Using the current median advertised rental of $300 and the average annual increase in value of a median property of 0.32%, investors should hope to achieve an overall return of 5.38%

Property value increases in Scarness have tracked just higher than the QLD average of 0.15% over the last 12 months.

Taking the average capital gain, or increase in median house value, Scarness,4655 has racked up an average of 2.38% over the period. This ranks it number 1259th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Scarness should be aiming for at least -7.76% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 36 properties changed hands in Scarness, which puts it as the 223th most active market in QLD when comparing the number of sales per suburb.

The QLD suburb of Scarness, 4655 is in the Fraser Coast local government area.

Metrics i HOUSE UNIT
$290,000 $269,000
0.00% -0.37%
7.41% 2.38%
0.32% -0.28%
$300 $295
88 36
5.38% 5.70%
105.05 111.84

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 3472
Median household income ($/weekly) 661
Median age of persons 45
Median housing loan repayment ($/monthly) 1542
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 359 10.3
    35-44 years 371 10.7
    45-54 years 454 13.1
    55-64 years 507 14.6
    65-74 years 433 12.5
    Others 1349 38.8
    Age Group
    Census Count Percent(%)
    Not Married 1311 50.6
    Registered Married 1043 40.2
    Defacto Relationship 238 9.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 2672 81.6
    Greece 27 0.8
    Papua New Guinea 122 3.7
    United Kingdom 212 6.5
    Other 67 2.0
    Others 175 5.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 41 1.3
    Christianity 2192 70.5
    Hinduism 13 0.4
    Other Religious Groups 15 0.5
    No Religion 835 26.8
    Others 14 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 200 14.6
    $400-$599 280 20.4
    $600-$799 189 13.8
    $800-$999 160 11.6
    $1,000-$1,249 111 8.1
    Others 434 31.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1475 54.2
    Employed, worked full-time 578 21.3
    Employed, worked part-time 393 14.4
    Unemployed, looking for work 174 6.4
    Employed, away from work 100 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 195 18.2
    Technicians & trades workers 157 14.7
    Community & personal service workers 162 15.1
    Sales 135 12.6
    Labourers 135 12.6
    Others 287 26.8
    Occupation
    Census Count Percent(%)
    Pre-school 43 7.2
    Infants/Primary 223 37.3
    Secondary 177 29.6
    Technical or Further Educational Institution 58 9.7
    University or other Tertiary Institutions 72 12.0
    Others 25 4.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2362 72.9
    Flat, unit or apartment 645 19.9
    Semi-detached, row or terrace house, townhouse 123 3.8
    Caravan, cabin, houseboat 108 3.3
    House or flat attached to a shop, office 4 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 698 47.5
    Fully owned 495 33.7
    Being purchased 269 18.3
    Other tenure type 9 0.6
    Tenure Type
Census 2011, ABS
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Recent sales & rentals