Property investors who have had real estate in Scarborough, 6019 should be relatively unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.81%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Scarborough has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Scarborough are currently offering property investors an average price cut of -5.44% below the asking price at the moment.
Investment property in Scarborough has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.08%
Comparing Scarborough,6019 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Scarborough should be aiming for at least -6.23% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 1.93%, investors should hope to achieve an overall return of 3.71%