Scarborough, 6019 ranked 244th in WA when comparing growth in median property values or capital gain over the last 12 months. Scarborough is one of 1662 in our list for WA
Across a shorter period, Scarborough, 6019 has seen a median price increase of -3.13% over the last quarter.
The most recent median price for Scarborough is $712000, with sellers offering an average of -5.80% off the asking price.
At number 1329 in a list of fastest selling suburbs, Scarborough is in the TOP 40% of suburbs in Australia with an average of days on market 66.0133 for properties listed there.
With the median price for a house in Scarborough being $712000 and the advertised rent reaching $500 the gross rental yield for property investors calculates out to be 3.65%
Giving property investors a an unimpressive capital gain of -7.14% for the last year, Scarborough, 6019 is the 1087th highest performer in Australia in this respect.
A -13.33% growth in median value for property investors in Scarborough,6019 puts this suburb at number 90th in terms of best performing suburbs in WA
Sellers are offering property buyers an average discount of -6.98% to buyers in Scarborough at the moment, which is less than average for the rest of WA.
Often selling an investment property can take time, and in Scarborough the average time real estate has been on the market is 80.0289 days.
Renters in Suburb are facing rents around $20800 per annum or $400 every week.
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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.