Scarborough, 4020 ranked 263th in QLD when comparing growth in median property values or capital gain over the last 12 months. Scarborough is one of 2415 in our list for QLD
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 -4.27% below the asking price at the moment.
With the median price for a house in Scarborough being $665000 and the advertised rent reaching $435 the gross rental yield for property investors calculates out to be 3.40%
Scarborough has had a pretty good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 16.44% to date .
Comparing Scarborough,4020 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Scarborough 4020 should be seeing an average reduction in asking price of around -4.47% . This means that Scarborough is holding prices well when compared to other suburbs in QLD.
On average over the past year, suburb has had 13.00 sales per month, which equates to 156 per year.
Scarborough is 364th on a list of best yielding suburbs for rents in QLD with a 3.70% return