With a capital gain of 5.63% for the last 12 months, Scarborough, 6019 has performed for property investments than its average annual 0.39% property growth over the last 5 years.
Comparing Scarborough,6019 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Sellers are offering property buyers an average discount of -4.14% to buyers in Scarborough at the moment, which is less than average for the rest of WA.
Property value increases in Scarborough have tracked close to the WA average of 4.62% over the last 12 months.
Scarborough,6019 has offered an average of 4.66% return per annum in house price rises to property investors over the last three years.
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.31% offered to property buyers. Sellers in Scarborough itself are offering an average vendor discount of -4.30% to real estate investors.
Often selling an investment property can take time, and in Scarborough the average time real estate has been on the market is 53.9932 days.
Scarborough, 6019’s gross rental yield is 4.74%
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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.