Suburb Profile Report for Scoresby VIC (3179)

Scoresby House: Median price $723,000, Annual capital growth 9.50%, Number of sales 107, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Expert Report

Property value increases in Scoresby have tracked close to the VIC average of 8.96% over the last 12 months.

When looking at the potential capital gains offered to property investors over the last 3 years, Scoresby comes in at number 192th in VIC.

The most recent median price for Scoresby is $723000, with sellers offering an average of -6.00% off the asking price.

Scoresby is 422th on a list of best yielding suburbs for rents in VIC with a 2.88% return

YIP MAG Information supplied by:

YIP MAG
April 2015

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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 propertiesFull summary
Perhaps more commonly known as the home of a variety of major national and international corporations, Scoresby also features some excellently priced properties.

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.
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Metrics i HOUSE UNIT
$723,000 N/A
3.29% N/A
6.99% N/A
9.50% N/A
$400 N/A
107 N/A
2.88% N/A
42.73 N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 5891
Median household income ($/weekly) 1487
Median age of persons 36
Median housing loan repayment ($/monthly) 1733
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 746 12.7
    25-34 years 817 13.9
    35-44 years 850 14.4
    45-54 years 884 15.0
    55-64 years 801 13.6
    Others 1793 30.4
    Age Group
    Census Count Percent(%)
    Registered Married 2460 54.3
    Not Married 1800 39.7
    Defacto Relationship 272 6.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 3826 66.7
    Indonesia 193 3.4
    Sri Lanka 187 3.3
    United Kingdom 257 4.5
    Other 233 4.1
    Others 1042 18.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 354 6.4
    Christianity 3463 62.8
    Hinduism 220 4.0
    Islam 112 2.0
    No Religion 1303 23.6
    Others 64 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 147 8.3
    $1,000-$1,249 174 9.8
    $1,250-$1,499 153 8.6
    $1,500-$1,999 312 17.6
    $2,000-$2,499 233 13.1
    Others 756 42.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2034 43.8
    Not in the labour force 1362 29.3
    Employed, worked part-time 938 20.2
    Employed, away from work 162 3.5
    Unemployed, looking for work 150 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 311 9.9
    Professionals 617 19.7
    Technicians & trades workers 505 16.1
    Clerical & administrative workers 506 16.1
    Sales 347 11.1
    Others 848 27.1
    Occupation
    Census Count Percent(%)
    Pre-school 86 6.0
    Infants/Primary 473 33.1
    Secondary 448 31.4
    Technical or Further Educational Institution 134 9.4
    University or other Tertiary Institutions 243 17.0
    Others 43 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5565 97.0
    Semi-detached, row or terrace house, townhouse 145 2.5
    Flat, unit or apartment 26 0.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 920 47.4
    Fully owned 667 34.4
    Rented 346 17.8
    Other tenure type 6 0.3
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals