Suburb Profile Report for Scoresby VIC (3179)

Scoresby House: Median price $676,000, Annual capital growth 9.14%, Number of sales 89, Weekly median advertised rent $390

  • 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 7.80% over the last 12 months.

A 39.96% growth in median value for property investors in Scoresby,3179 puts this suburb at number 522th in terms of best performing suburbs in VIC

Vendor discounting in Scoresby is giving property investors an average Vendor Discount of around -5.90%. This puts suburb at number 276th in VIC when ranking the most discounted suburbs.

Scoresby is 418th on a list of best yielding suburbs for rents in VIC with a 3.00% 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.
Close
HOUSE UNIT
$676,000 N/A
-0.44% N/A
8.16% N/A
9.14% N/A
$390 N/A
89 N/A
3.00% N/A
41.86 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Very 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
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