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Scarborough
AREA REPORTS

Scarborough

Scarborough - SUBURB PROFILE REPORT
POSTAL CODE: QLD, 4020

house
unit

Property investors enjoyed capital gains of 27.66% over the last 12 months in SCARBOROUGH, translating to lower returns compared with its peers in QLD.

Figures from the previous quarter show that capital gains for real estate buyers in SCARBOROUGH are low, as opposed to average gains per annum over the past five years.

The suburb posted a 39.91% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $500 based on current median home prices for the suburb.

On average, rents on listings have reached the $500 mark, reflecting a 3.33% increase in returns based on the current median price in SCARBOROUGH.

SCARBOROUGH, 4020 ranks 293rd in QLD in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 587th on the list of best yielding suburbs for rental properties in QLD, posting a 3.33% return.

Data report can be found below

Scarborough
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $780,000 $590,000
GROWTH REPORT
Median Quarterly 6.12% 3.51%
Median 12 month 27.66% 14.12%
Median 3 years 39.91% 15.69%
Median 5 years 43.12% 24.87%
10 years average annual 7.29% 5.4%
Weekly media advert. rent $500 $410
Time on Market 31.9 days 41.9 days
Gross Rental Yield Percent 3.33% 3.61%
demographics (median values)*
Total Population
9834
Weekly Household Income
929.2
Household Size
2.30
Age
44
Monthly Loan Repayment
1300
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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