Suburb Profile Report for Scarness QLD (4655)

Scarness House: Median price $295,000, Annual capital growth 0.50%, Number of sales 84, Weekly median advertised rent $308

Scarness Unit: Median price $269,000, Annual capital growth -0.23%, Number of sales 34, Weekly median advertised rent $295

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

Source: CoreLogic

  • House Report
  • Unit Report

Scarness is in the TOP 20% in QLD when comparing median price capital growth over the last year. Scarness gave property investors a very good capital gain figure when compared to the rest of the state, with 9.26%.

The five-year average increase in median property values for Scarness,4655 has given property investors a potential capital gain of 7.27% across each of those five years.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.86% offered to property buyers. Sellers in Scarness itself are offering an average vendor discount of -7.24% to real estate investors.

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

Giving property investors a an average capital gain of 2.38% for the last year, Scarness, 4655 is the 986th highest performer in Australia in this respect.

Scarness,4655 has offered an average of 2.38% return per annum in house price rises to property investors over the last three years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Scarness, 4655. Typically our figures indicate that -7.57% is being offered, which puts this QLD suburb at 212th most discounted overall in Australia.

Using the current median advertised rental of $295 and the average annual increase in value of a median property of -0.23%, investors should hope to achieve an overall return of 5.70%

Metrics i HOUSE UNIT
$295,000 $269,000
1.72% -0.37%
9.26% 2.38%
0.50% -0.23%
$308 $295
84 34
5.42% 5.70%
99.69 129.48

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