Suburb Profile Report for Scarborough WA (6019)

Scarborough House: Median price $730,000, Annual capital growth 1.29%, Number of sales 203, Weekly median advertised rent $500

Scarborough Unit: Median price $485,000, Annual capital growth 1.57%, Number of sales 267, Weekly median advertised rent $395

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

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December 2018

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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

Housing stock is boosted

Postcode: 6019

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
Metrics i HOUSE UNIT
$730,000 $485,000
-1.48% -1.02%
-1.35% -1.77%
1.29% 1.57%
$500 $395
203 267
3.56% 4.24%
68.2 94.25

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 14271
Median household income ($/weekly) 1566
Median age of persons 34
Median housing loan repayment ($/monthly) 2167
Average household size 2.1
  • Census Count Percent(%)
    20-24 years 1297 9.1
    25-34 years 3723 26.1
    35-44 years 2259 15.8
    45-54 years 1725 12.1
    55-64 years 1357 9.5
    Others 3911 27.4
    Age Group
    Census Count Percent(%)
    Not Married 5085 48.7
    Registered Married 3588 34.4
    Defacto Relationship 1766 16.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 8222 65.0
    Italy 303 2.4
    Papua New Guinea 717 5.7
    United Kingdom 1312 10.4
    Other 718 5.7
    Others 1375 10.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 182 1.5
    Christianity 7423 61.5
    Hinduism 88 0.7
    Islam 103 0.9
    No Religion 4143 34.3
    Others 125 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 422 7.8
    $1,000-$1,249 419 7.8
    $1,500-$1,999 676 12.5
    $2,000-$2,499 462 8.6
    $2,500-$2,999 746 13.8
    Others 2670 49.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 5652 50.8
    Not in the labour force 2535 22.8
    Employed, worked part-time 2141 19.2
    Employed, away from work 492 4.4
    Unemployed, looking for work 312 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 1035 12.5
    Professionals 2491 30.1
    Technicians & trades workers 1315 15.9
    Community & personal service workers 756 9.1
    Clerical & administrative workers 1151 13.9
    Others 1541 18.6
    Occupation
    Census Count Percent(%)
    Pre-school 146 6.3
    Infants/Primary 627 26.9
    Secondary 396 17.0
    Technical or Further Educational Institution 337 14.5
    University or other Tertiary Institutions 743 31.9
    Others 83 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5183 42.2
    Semi-detached, row or terrace house, townhouse 4067 33.1
    Flat, unit or apartment 3025 24.6
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2641 44.1
    Being purchased 1804 30.2
    Fully owned 1519 25.4
    Other tenure type 18 0.3
    Tenure Type
Census 2011, ABS
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