Suburb Profile Report for Scarness QLD (4655)

Scarness House: Median price $270,000, Annual capital growth 0.12%, Number of sales 64, Weekly median advertised rent $295

Scarness Unit: Median price $262,750, Annual capital growth -0.64%, Number of sales 36, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Scarness, 4655 have given investors a capital gain of 0.00%. This compares badly with the 2.22% for QLD as a whole.

Over the longer term, Scarness has seen property prices show investors a 1.89% return over the last 3 years. This is worse than over the last 12 months

Scarness4655 is located in QLD which offers an average discount of -7.23% to property investors. Scarness itself is showing figures that indicate -7.88% is the average achievable by property buyers investing in the suburb.

Advertised rents are around the $295 mark per week – giving a return of 5.68% based on the median price in Suburb

Property value increases in Scarness have tracked just lower than the QLD average of 1.23% over the last 12 months.

While Scarness,4655 ranked number 191th in QLD for increase in median house value (annualised) increase, it is ranked 253th over the last 5 years.

Sellers are offering property buyers an average discount of -8.94% to buyers in Scarness at the moment, which is less than average for the rest of QLD.

With the median price for a house in Scarness being $262750 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 5.74%

HOUSE UNIT
$270,000 $262,750
0.00% -0.10%
0.00% -2.69%
0.12% -0.64%
$295 $290
64 36
5.68% 5.74%
115.37 121.16

Source: CoreLogic

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