Suburb Profile Report for Scarborough QLD (4020)

Scarborough House: Median price $572,500, Annual capital growth 2.79%, Number of sales 144, Weekly median advertised rent $410

Scarborough Unit: Median price $420,000, Annual capital growth -0.06%, Number of sales 79, Weekly median advertised rent $395

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$572,500 $420,000
0.44% -6.67%
2.23% -13.85%
2.79% -0.06%
$410 $395
144 79
3.72% 4.89%
75.448275862069 99.6065573770492

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 7985
Median household income ($/weekly) 966
Median age of persons 45
Median housing loan repayment ($/monthly) 1840
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 837 10.5
    35-44 years 1043 13.1
    45-54 years 1152 14.4
    55-64 years 1171 14.7
    65-74 years 894 11.2
    Others 2889 36.2
    Age Group
    Census Count Percent(%)
    Registered Married 2862 46.5
    Not Married 2720 44.2
    Defacto Relationship 569 9.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 5692 74.4
    Papua New Guinea 461 6.0
    South Africa 61 0.8
    United Kingdom 789 10.3
    Other 233 3.0
    Others 418 5.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 81 1.1
    Christianity 5362 73.1
    Hinduism 17 0.2
    Other Religious Groups 43 0.6
    No Religion 1818 24.8
    Others 16 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 331 10.6
    $400-$599 432 13.9
    $600-$799 358 11.5
    $1,000-$1,249 268 8.6
    $1,500-$1,999 335 10.8
    Others 1384 44.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2650 41.2
    Employed, worked full-time 2175 33.9
    Employed, worked part-time 1142 17.8
    Unemployed, looking for work 250 3.9
    Employed, away from work 208 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 408 11.6
    Professionals 701 19.9
    Technicians & trades workers 491 13.9
    Community & personal service workers 409 11.6
    Clerical & administrative workers 571 16.2
    Others 948 26.9
    Occupation
    Census Count Percent(%)
    Pre-school 94 6.3
    Infants/Primary 570 38.4
    Secondary 395 26.6
    Technical or Further Educational Institution 140 9.4
    University or other Tertiary Institutions 206 13.9
    Others 80 5.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5634 74.8
    Flat, unit or apartment 1128 15.0
    Semi-detached, row or terrace house, townhouse 665 8.8
    Caravan, cabin, houseboat 97 1.3
    House or flat attached to a shop, office 9 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1196 35.9
    Fully owned 1046 31.4
    Being purchased 900 27.0
    Other tenure type 190 5.7
    Tenure Type
Census 2011, ABS
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