Suburb Profile Report for Scarness QLD (4655)

Scarness House: Median price $316,000, Annual capital growth 0.71%, Number of sales 75, Weekly median advertised rent $310

Scarness Unit: Median price $271,000, Annual capital growth -0.48%, Number of sales 39, Weekly median advertised rent $290

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

QLD has seen average median house prices change by 2.19% which means that Scarness, 4655 has done well for property investors by showing a capital gain of 7.12% over the last year

Across a shorter period, Scarness, 4655 has seen a median price increase of 0.16% over the last quarter.

Property investors looking for a bargain in Scarness should be aiming for at least -6.30% off the asking price, which is the average vendor discount being achieved at the moment.

A $310 per week rent on the median house gives suburb investors a gross yield of circa 5.10%, without taking into account capital value appreciation, which has been averaging out at 0.71%.

Property value increases in Scarness have tracked close to the QLD average of 0.23% over the last 12 months.

Scarness,4655 has offered an average of 1.12% return per annum in house price rises to property investors over the last three years.

Property buyers and investors in Scarness 4655 should be seeing an average reduction in asking price of around -5.32% . This means that Scarness is holding prices well when compared to other suburbs in QLD.

Situated 242.47km from the CBD, Scarness is one of Fraser Coast localities in the postcode 4655.

Metrics i HOUSE UNIT
$316,000 $271,000
0.16% 0.18%
7.12% 1.12%
0.71% -0.48%
$310 $290
75 39
5.10% 5.56%
106.65 105.48

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 3472
Median household income ($/weekly) 661
Median age of persons 45
Median housing loan repayment ($/monthly) 1542
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 359 10.3
    35-44 years 371 10.7
    45-54 years 454 13.1
    55-64 years 507 14.6
    65-74 years 433 12.5
    Others 1349 38.8
    Age Group
    Census Count Percent(%)
    Not Married 1311 50.6
    Registered Married 1043 40.2
    Defacto Relationship 238 9.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 2672 81.6
    Greece 27 0.8
    Papua New Guinea 122 3.7
    United Kingdom 212 6.5
    Other 67 2.0
    Others 175 5.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 41 1.3
    Christianity 2192 70.5
    Hinduism 13 0.4
    Other Religious Groups 15 0.5
    No Religion 835 26.8
    Others 14 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 200 14.6
    $400-$599 280 20.4
    $600-$799 189 13.8
    $800-$999 160 11.6
    $1,000-$1,249 111 8.1
    Others 434 31.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1475 54.2
    Employed, worked full-time 578 21.3
    Employed, worked part-time 393 14.4
    Unemployed, looking for work 174 6.4
    Employed, away from work 100 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 195 18.2
    Technicians & trades workers 157 14.7
    Community & personal service workers 162 15.1
    Sales 135 12.6
    Labourers 135 12.6
    Others 287 26.8
    Occupation
    Census Count Percent(%)
    Pre-school 43 7.2
    Infants/Primary 223 37.3
    Secondary 177 29.6
    Technical or Further Educational Institution 58 9.7
    University or other Tertiary Institutions 72 12.0
    Others 25 4.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2362 72.9
    Flat, unit or apartment 645 19.9
    Semi-detached, row or terrace house, townhouse 123 3.8
    Caravan, cabin, houseboat 108 3.3
    House or flat attached to a shop, office 4 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 698 47.5
    Fully owned 495 33.7
    Being purchased 269 18.3
    Other tenure type 9 0.6
    Tenure Type
Census 2011, ABS
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Recent sales & rentals