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Scarborough

POSTAL CODE: QLD, 4020
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Property investors enjoyed capital gains of 9% 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 24.32% 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 $670 based on current median home prices for the suburb.

On average, rents on listings have reached the $670 mark, reflecting a 3.03% increase in returns based on the current median price in SCARBOROUGH.

SCARBOROUGH, 4020 ranks 701st in QLD in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 609th on the list of best yielding suburbs for rental properties in QLD, posting a 3.03% return.

Surburb overview

Scarborough, Queensland 4020, is a coastal suburb located at the northern end of the Redcliffe Peninsula, approximately 37 kilometres north of Brisbane’s central business district (CBD). The suburb has a population of around 8,705 residents and is known for its picturesque beaches, peaceful atmosphere, and vibrant community. Scarborough is popular among retirees and families, with the predominant age group being 50-59.

The real estate market in Scarborough features a mix of traditional Queenslander homes, modern townhouses, and waterfront properties. The median property price is around $960,000 for houses and $725,000 for units. Over the past 12 months, house prices have grown by 2.78%, while units have seen a stronger growth of 9.02%. The suburb’s rental market is also robust, with median weekly rents of $620 for both houses and units, providing rental yields of 3.34% for houses and 3.91% for units.

Scarborough offers a range of amenities, including parks, cafes, and the Scarborough Marina, making it an ideal location for those seeking a coastal lifestyle with modern conveniences. The suburb is well-connected by public transport, with bus routes linking to Redcliffe and other surrounding suburbs. Local schools include Scarborough State School and Southern Cross Catholic College, providing quality educational options for families.

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