Scoresby is an average performer in VIC when comparing median price capital growth over the last year. Scoresby gave property investors a average capital gain figure when compared to the rest of the state, with 11.88%.
Taking the average capital gain, or increase in median house value, Scoresby,3179 has racked up an average of 11.88% over the period. This ranks it number 778th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Scoresby is offering property investors an average of -5.53. This rate of discount on properties puts Suburb at number 73th in terms of most discounted suburbs in VIC
Often selling an investment property can take time, and in Scoresby the average time real estate has been on the market is 46.32 days.
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 10.25%, investors should hope to achieve an overall return of 2.69%
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.