Scarborough, 6019 ranked 151th 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
Comparing Scarborough,6019 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Our latest figures would indicate that property sellers in Scarborough are currently offering property investors an average price cut of -6.83% below the asking price at the moment.
Often selling an investment property can take time, and in Scarborough the average time real estate has been on the market is 78.5092 days.
Scarborough is 314th on a list of best yielding suburbs for rents in WA with a 3.93% return
Scarborough, 6019 ranked 50th 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 460 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Scarborough should be aiming for at least -7.78% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Scarborough have been waiting around 87.0178 days to sell a property.
With the median price for a house in Scarborough being $460000 and the advertised rent reaching $410 the gross rental yield for property investors calculates out to be 4.63%
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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.