Over the last year, property investments in Scarborough, 6019 have given investors a capital gain of 0.00%. This compares averagely with the -1.92% for WA as a whole.
Comparing Scarborough,6019 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Scarborough 6019 should be seeing an average reduction in asking price of around -4.63% . This means that Scarborough is holding prices well when compared to other suburbs in WA.
Situated 10.59km from the CBD, Scarborough is one of Stirling (C) localities in the postcode 6019.
Scarborough, 6019 ranked 37th 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
The five-year average increase in median property values for Scarborough,6019 has given property investors a potential capital gain of -3.37% across each of those five years.
Our latest figures would indicate that property sellers in Scarborough are currently offering property investors an average price cut of -7.03% below the asking price at the moment.
Residents and property investors in Scarborough have been waiting around 79.05 days to sell a property.
Scarborough, 6019’s gross rental yield is 4.27%
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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.