Suburb Profile Report for Scoresby VIC (3179)

Scoresby House: Median price $721,800, Annual capital growth 7.52%, Number of sales 57, Weekly median advertised rent $420

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report

Scoresby has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -15.08% to date .

Scoresby,3179 has offered an average of -15.08% return per annum in house price rises to property investors over the last three years.

Property buyers and investors in Scoresby 3179 should be seeing an average reduction in asking price of around -8.40% . This means that Scoresby is holding prices well when compared to other suburbs in VIC.

At number 918 in a list of fastest selling suburbs, Scoresby is in the TOP 30% of suburbs in Australia with an average of days on market 62.3 for properties listed there.

Property investors should expect to get $420 weekly from the median priced house in this suburb.

Information supplied by:


May 2018

M
O

W
E

Historic suburb has staying power

Postcode: 3179

Median house price: $877,000

Three-year growth: 54.1%

Rental yield: 2.5%

Established in the 1850s, the suburb of Scoresby is recording some very strong figures.

The median house value has come in at $877,000 following a whopping 25.3% price growth over the year leading up to February 2018. The suburb boasts an average annual growth rate of 10.1%, indicating how well Scoresby has been performing in recent years.

Scoresby is an industrial hub that houses companies like the Australian headquarters of Nintendo. The Caribbean Garden is open thrice a week, and is a centre of entertainment and local produce. Scoresby Village is the main shopping hub in the area. The suburb is also home to a number of schools, namely, Scoresby Primary School, St Judes and Scoresby Secondary College.

 

Metrics i HOUSE UNIT
$721,800 N/A
-0.44% N/A
-15.08% N/A
7.52% N/A
$420 N/A
57 N/A
3.03% N/A
62.3 N/A

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 5891
Median household income ($/weekly) 1487
Median age of persons 36
Median housing loan repayment ($/monthly) 1733
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 746 12.7
    25-34 years 817 13.9
    35-44 years 850 14.4
    45-54 years 884 15.0
    55-64 years 801 13.6
    Others 1793 30.4
    Age Group
    Census Count Percent(%)
    Registered Married 2460 54.3
    Not Married 1800 39.7
    Defacto Relationship 272 6.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 3826 66.7
    Indonesia 193 3.4
    Sri Lanka 187 3.3
    United Kingdom 257 4.5
    Other 233 4.1
    Others 1042 18.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 354 6.4
    Christianity 3463 62.8
    Hinduism 220 4.0
    Islam 112 2.0
    No Religion 1303 23.6
    Others 64 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 147 8.3
    $1,000-$1,249 174 9.8
    $1,250-$1,499 153 8.6
    $1,500-$1,999 312 17.6
    $2,000-$2,499 233 13.1
    Others 756 42.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2034 43.8
    Not in the labour force 1362 29.3
    Employed, worked part-time 938 20.2
    Employed, away from work 162 3.5
    Unemployed, looking for work 150 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 311 9.9
    Professionals 617 19.7
    Technicians & trades workers 505 16.1
    Clerical & administrative workers 506 16.1
    Sales 347 11.1
    Others 848 27.1
    Occupation
    Census Count Percent(%)
    Pre-school 86 6.0
    Infants/Primary 473 33.1
    Secondary 448 31.4
    Technical or Further Educational Institution 134 9.4
    University or other Tertiary Institutions 243 17.0
    Others 43 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5565 97.0
    Semi-detached, row or terrace house, townhouse 145 2.5
    Flat, unit or apartment 26 0.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 920 47.4
    Fully owned 667 34.4
    Rented 346 17.8
    Other tenure type 6 0.3
    Tenure Type
Census 2011, ABS
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