WA has seen average median house prices change by -1.78% which means that Scarborough, 6019 has not done well for property investors by showing a capital gain of 0.97% over the last year
Comparing Scarborough,6019 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.91% offered to property buyers. Sellers in Scarborough itself are offering an average vendor discount of -6.66% to real estate investors.
Advertised rents are around the $550 mark per week – giving a return of 3.93% based on the median price in Suburb
Scarborough, 6019 ranked 57th 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
Scarborough,6019 was ranked 879 in Australia by increase in median property value over the quarter.
At number 52th of WA’s most discounted properties, Scarborough is in the TOP 30% of the state/territory when listing in order of most discounted to least.
In the last year 218 properties changed hands in Scarborough, which puts it as the 3rd most active market in WA when comparing the number of sales per suburb.
Using the current median advertised rental of $410 and the average annual increase in value of a median property of 0.63%, investors should hope to achieve an overall return of 4.74%
Information supplied by:
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.