Suburb Profile Report for Scarness QLD (4655)

Scarness House: Median price $289,000, Annual capital growth 0.49%, Number of sales 89, Weekly median advertised rent $300

Scarness Unit: Median price $270,000, Annual capital growth -0.42%, Number of sales 36, Weekly median advertised rent $293

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Scarness, 4655 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this QLD suburb was 7.04%.

Taking the average capital gain, or increase in median house value, Scarness,4655 has racked up an average of 7.04% over the period. This ranks it number 3073th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Scarness is offering property investors an average of -7.10. This rate of discount on properties puts Suburb at number 323th in terms of most discounted suburbs in QLD

In the last year 89 properties changed hands in Scarness, which puts it as the 271th most active market in QLD when comparing the number of sales per suburb.

Over the last year, property investments in Scarness, 4655 have given investors a capital gain of 2.66%. This compares favourably with the 0.66% for QLD as a whole.

Across a shorter period, Scarness, 4655 has seen a median price increase of 0.75% over the last quarter.

Scarness, 4655 is offering QLD ‘s 82th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this QLD.

Using the current median advertised rental of $292.5 and the average annual increase in value of a median property of -0.42%, investors should hope to achieve an overall return of 5.63%

Metrics i HOUSE UNIT
$289,000 $270,000
3.21% 0.75%
7.04% 2.66%
0.49% -0.42%
$300 $293
89 36
5.40% 5.63%
105.16 106.15

Source: CoreLogic

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