Giving property investors a an unimpressive capital gain of -1.35% for the last year, Scarborough, 6019 is the 2830th highest performer in Australia in this respect.
Across a shorter period, Scarborough, 6019 has seen a median price increase of -1.48% over the last quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Scarborough, 6019. Typically our figures indicate that -4.03% is being offered, which puts this WA suburb at 3409th most discounted overall in Australia.
Often selling an investment property can take time, and in Scarborough the average time real estate has been on the market is 68.2 days.
Scarborough is 351th on a list of best yielding suburbs for rents in WA with a 3.56% return
With a capital gain of -1.77% for the last 12 months, Scarborough, 6019 has performed for property investments than its average annual 1.57% property growth over the last 5 years.
Over the longer term, Scarborough has seen property prices show investors a -5.83% return over the last 3 years. This is an improvement over the last 12 months
Vendor discounting in Scarborough is giving property investors an average Vendor Discount of around -8.47%. This puts suburb at number 60th in WA when ranking the most discounted suburbs.
Using the current median advertised rental of $395 and the average annual increase in value of a median property of 1.57%, investors should hope to achieve an overall return of 4.24%
The large suburb of Scarborough is a popular coastal spot made to maximise visitors and water sports enthusiasts to Scarborough Beach, which became the site of the Australian Surf Life Saving Championships for four yearsFull summary
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Housing stock is boosted
Median house price: $742,000
Stock on market: 24.6%
12-month growth: -1.1%
The large suburb of Scarborough is a popular coastal spot made to maximise visitors and water sports enthusiasts to Scarborough Beach, which became the site of the Australian Surf Life Saving Championships for four years.
Named for a beach resort in England’s North Yorkshire, Scarborough is home to restaurants, cafes and a thriving nightlife scene. One of its most well-known landmarks is the Rendezvous Observation City, which was built in 1986. In addition to the focus on entertainment, Scarborough also houses Scarborough Primary School.
In September 2017, this suburb recorded 132 houses on the market – 12 months on, this number has skyrocketed to nearly 200. In the same period, house values stumbled by 1.1% to continue a negative trend observed in 2015, when prices dropped by 4.9%. By contrast, however, unit stock fell from 79 to 67.Close