Scoresby (postcode 3179) is a medium-sized suburb in Victoria within the Knox local government area. With a population of 6,066, the suburb has an established family demographic with a median age of 40. Households earn a median income of $102K per year, with an average household size of 2.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.5% year-on-year at the LGA level. VIC 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. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 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, technicians & trades, clerical & administrative. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Chinese.
Median house prices in Scoresby stand at $970,000, having ticked up by 1.5% over the last twelve months. Units have a median price of $733,000 (-1% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $2,023.
Scoresby is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1033, which is around the national average of 1,000. Public transport access includes 52 bus stops. The crime rate in the Knox LGA is moderate at 6,424 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 3.3%, which reads as moderate yield. Property prices are near the state median ($970K/$875K). The price-to-income ratio of 9.5x is considered moderate. House prices have moved +1.5% year-on-year. Population growth of +0.5% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.