Scarborough (postcode 4020) is a medium-sized suburb in Queensland within the Moreton Bay local government area. The area has roughly 9,178 residents and a mature demographic, with a median age of 53. Households earn a median income of $69K per year, with an average household size of 2.2 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.1% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, clerical & administrative, managers. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
The median house price in Scarborough is $1.1 million, having risen modestly by 1% over the past year. Units have a median price of $860,000 (+18.1% YoY). The current median weekly rent is $685. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,907.
Scarborough is served by 3 schools, including 1 primary, 1 secondary, 1 combined. The average ICSEA score is 1027, which is around the national average of 1,000. Public transport access includes 42 bus stops. The crime rate in the Moreton Bay LGA is moderate at 4,728 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 3.2%, which reads as moderate yield. Property prices are near the state median ($1.1M/$1.1M). The price-to-income ratio of 16.0x is considered stretched. House prices have moved +1.0% year-on-year. Population growth of +2.1% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.