Giving property investors a an unimpressive capital gain of 6.94% for the last year, Scarborough, 6019 is the 3227th 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 3.49%. This puts Suburb as 212 on a list of fastest fasting appreciating suburbs in WA
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 -3.53% is being offered, which puts this WA suburb at 1884th 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 45.7039 days.
The WA suburb of Scarborough, 6019 is in the Stirling (C) local government area.
WA has seen average median house prices change by 7.87% which means that Scarborough, 6019 has done well for property investors by showing a capital gain of 2.45% over the last year
Taking the average capital gain, or increase in median house value, Scarborough,6019 has racked up an average of 2.45% over the period. This ranks it number 1456th in the whole country for real estate investors looking at median house price increases.
Scarborough, 6019 is offering WA ‘s 50th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this WA.
On average over the past year, suburb has had 33.33 sales per month, which equates to 400 per year.
Situated 10.96km from the CBD, Scarborough is one of Stirling (C) localities in the postcode 6019.
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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.