Suburb Profile Report for Scarness QLD (4655)

Scarness House: Median price $303,500, Annual capital growth 0.31%, Number of sales 71, Weekly median advertised rent $300

Scarness Unit: Median price $270,000, Annual capital growth -0.34%, Number of sales 37, Weekly median advertised rent $295

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

Source: CoreLogic

  • House Report
  • Unit Report

Scarness, 4655 ranked 153th in QLD when comparing growth in median property values or capital gain over the last 12 months. Scarness is one of 2415 in our list for QLD

While Scarness,4655 ranked number 196th in QLD for increase in median house value (annualised) increase, it is ranked 505th over the last 5 years.

Our latest figures would indicate that property sellers in Scarness are currently offering property investors an average price cut of -6.82% below the asking price at the moment.

The QLD suburb of Scarness, 4655 is in the Fraser Coast local government area.

QLD has seen average median house prices change by 0.30% which means that Scarness, 4655 has done well for property investors by showing a capital gain of 2.76% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Scarness comes in at number 131th in QLD.

LACK OF BUYER INTEREST may well be the reason that Scarness is offering property investors an average of -5.80. This rate of discount on properties puts Suburb at number 58th in terms of most discounted suburbs in QLD

Advertised rents are around the $295 mark per week – giving a return of 5.68% based on the median price in Suburb

Metrics i HOUSE UNIT
$303,500 $270,000
2.88% 0.75%
9.45% 2.76%
0.31% -0.34%
$300 $295
71 37
5.14% 5.68%
97.55 123.78

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (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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