Investment property in Scarborough has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.23%
Across a shorter period, Scarborough, 6019 has seen a median price increase of 0.27% over the last quarter.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.21% offered to property buyers. Sellers in Scarborough itself are offering an average vendor discount of -6.11% to real estate investors.
Advertised rents are around the $500 mark per week – giving a return of 3.48% based on the median price in Suburb
Scarborough, 6019 ranked 56th in WA when comparing growth in median property values or capital gain over the last 12 months. Scarborough is one of 1662 in our list for WA
Scarborough,6019 was ranked 790 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Scarborough are currently offering property investors an average price cut of -6.49% below the asking price at the moment.
Often selling an investment property can take time, and in Scarborough the average time real estate has been on the market is 83.88 days.
A $380 per week rent on the median house gives suburb investors a gross yield of circa 4.06%, without taking into account capital value appreciation, which has been averaging out at 2.94%.