Property investors who have had real estate in Scoresby, 3179 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 18.91%
A 83.15% growth in median value for property investors in Scoresby,3179 puts this suburb at number 69th in terms of best performing suburbs in VIC
Vendor discounting in Scoresby is giving property investors an average Vendor Discount of around -2.06%. This puts suburb at number 603th in VIC when ranking the most discounted suburbs.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 2.54%, without taking into account capital value appreciation, which has been averaging out at 10.50%.
Perhaps more commonly known as the home of a variety of major national and international corporations, Scoresby also features some excellently priced propertiesFull summary
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Perhaps more commonly known as the home of a variety of major national and international corporations, Scoresby also features some excellently priced properties.Close
In addition, the area’s proximity to a wide variety of amenities makes it a very popular east Melbourne suburb.
Along with its several shopping centres, this diverse suburb has an extensive range of parks and reserves, a recreation centre, schools and a vet.
The ever-popular Caribbean Gardens Market is also in the area, running three days a week.
With a vacancy rate of just 0.96% and properties spending an average of only 20 days on the market, this suburb is surging in popularity.
Scoresby’s median house price is also a lot less expensive than neighbouring Wheelers Hill ($785,000) and Glen Waverly ($960,000).
Some popular areas include Golding Court and Ferntree Gully Road as they offer ideal locations close to amenities and transport.