If you compare the increase in value of investment property in Scarborough, 4020 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 2.23%.
Scarborough,4020 has offered an average of 2.23% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Scarborough are currently offering property investors an average price cut of -5.80% below the asking price at the moment.
On average over the past year, suburb has had 12.00 sales per month, which equates to 144 per year.
With the median price for a house in Scarborough being $572500 and the advertised rent reaching $410 the gross rental yield for property investors calculates out to be 3.72%
Giving property investors a a poor capital gain of -13.85% for the last year, Scarborough, 4020 is the 1385th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Scarborough has given property investors a paper return of -6.67%. This puts Suburb as 317 on a list of fastest fasting appreciating suburbs in QLD
LACK OF BUYER INTEREST may well be the reason that Scarborough is offering property investors an average of -6.19. This rate of discount on properties puts Suburb at number 117th in terms of most discounted suburbs in QLD
With the median price for a house in Scarborough being $420000 and the advertised rent reaching $395 the gross rental yield for property investors calculates out to be 4.89%