Suburb Profile Report for Scarborough WA (6019)

Scarborough House: Median price $790,000, Annual capital growth 1.58%, Number of sales 287, Weekly median advertised rent $640

Scarborough Unit: Median price $510,000, Annual capital growth 1.70%, Number of sales 437, Weekly median advertised rent $460

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: Monthly data update for Mar 2022 as supplied by CoreLogic. Data is reported to the period ending Dec 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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Property investors who have had real estate in Scarborough, 6019 should be relatively unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 6.76%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Scarborough has increased when compared to the 5 year average annual rate.

Our latest figures would indicate that property sellers in Scarborough are currently offering property investors an average price cut of -3.85% below the asking price at the moment.

On average over the past year, suburb has had 23.92 sales per month, which equates to 287 per year.

Renters in Suburb are facing rents around $33280 per annum or $640 every week.

Scarborough has had a pretty good year for property investment returns compared to the rest of WA, giving investors a capital gain of 7.37% to date .

Scarborough,6019 has offered an average of 7.37% return per annum in house price rises to property investors over the last three years.

Vendor discounting in Scarborough is giving property investors an average Vendor Discount of around -3.95%. This puts suburb at number 66th in WA when ranking the most discounted suburbs.

On average over the past year, suburb has had 36.42 sales per month, which equates to 437 per year.

Situated 10.97km from the CBD, Scarborough is one of Stirling (C) localities in the postcode 6019.

Information supplied by:


December 2018

M
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W
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Housing stock is boosted

Postcode: 6019

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.

Metrics i HOUSE UNIT
$790,000 $510,000
2.60% 4.29%
6.76% 7.37%
1.58% 1.70%
$640 $460
287 437
4.21% 4.69%
38.9856459330144 48.7297297297297

Source: Monthly data update for Mar 2022 as supplied by CoreLogic. Data is reported to the period ending Dec 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 14271
Median household income ($/weekly) 1566
Median age of persons 34
Median housing loan repayment ($/monthly) 2167
Average household size 2.1
  • Census Count Percent(%)
    20-24 years 1297 9.1
    25-34 years 3723 26.1
    35-44 years 2259 15.8
    45-54 years 1725 12.1
    55-64 years 1357 9.5
    Others 3911 27.4
    Age Group
    Census Count Percent(%)
    Not Married 5085 48.7
    Registered Married 3588 34.4
    Defacto Relationship 1766 16.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 8222 65.0
    Italy 303 2.4
    Papua New Guinea 717 5.7
    United Kingdom 1312 10.4
    Other 718 5.7
    Others 1375 10.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 182 1.5
    Christianity 7423 61.5
    Hinduism 88 0.7
    Islam 103 0.9
    No Religion 4143 34.3
    Others 125 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 422 7.8
    $1,000-$1,249 419 7.8
    $1,500-$1,999 676 12.5
    $2,000-$2,499 462 8.6
    $2,500-$2,999 746 13.8
    Others 2670 49.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 5652 50.8
    Not in the labour force 2535 22.8
    Employed, worked part-time 2141 19.2
    Employed, away from work 492 4.4
    Unemployed, looking for work 312 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 1035 12.5
    Professionals 2491 30.1
    Technicians & trades workers 1315 15.9
    Community & personal service workers 756 9.1
    Clerical & administrative workers 1151 13.9
    Others 1541 18.6
    Occupation
    Census Count Percent(%)
    Pre-school 146 6.3
    Infants/Primary 627 26.9
    Secondary 396 17.0
    Technical or Further Educational Institution 337 14.5
    University or other Tertiary Institutions 743 31.9
    Others 83 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5183 42.2
    Semi-detached, row or terrace house, townhouse 4067 33.1
    Flat, unit or apartment 3025 24.6
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2641 44.1
    Being purchased 1804 30.2
    Fully owned 1519 25.4
    Other tenure type 18 0.3
    Tenure Type
Census 2011, ABS
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