Property value increases in Scarborough have tracked just higher than the WA average of -1.72% over the last 12 months.
A -0.81% growth in median value for property investors in Scarborough,6019 puts this suburb at number 193th in terms of best performing suburbs in WA
At number 320th of WA’s most discounted properties, Scarborough is in the TOP 10% of the state/territory when listing in order of most discounted to least.
A $500 per week rent on the median house gives suburb investors a gross yield of circa 3.53%, without taking into account capital value appreciation, which has been averaging out at 2.36%.
Property value increases in Scarborough have tracked just higher than the WA average of -3.17% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Scarborough comes in at number 25th in WA.
Our latest figures would indicate that property sellers in Scarborough are currently offering property investors an average price cut of -6.91% below the asking price at the moment.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 4.29%, without taking into account capital value appreciation, which has been averaging out at 2.27%.
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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.