Scarborough (postcode 6019) is an established suburb in Western Australia within the Stirling local government area. The area has roughly 17,605 residents and a mix of young professionals and families, with a median age of 36. Households earn a median income of $110K per year, with an average household size of 2.1 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% year-on-year at the LGA level. WA employment has moved +1.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. WA also had 31 Commonwealth-backed major projects under construction, 7 underway, and 16 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, managers, technicians & trades. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Irish.
The median house price in Scarborough is $1.1 million, having risen steeply by 16.4% over the past year. Units have a median price of $627,000 (+9.9% YoY). The current median weekly rent is $1200. This gives a gross rental yield of approximately 5.6%. The median monthly mortgage repayment is $2,167.
Scarborough is served by 2 schools, including 2 primary. The average ICSEA score is 1102, which is well above the national average of 1,000. Public transport access includes 64 bus stops.
Looking at the investment signals, The gross rental yield works out to roughly 5.6%, which reads as high yield. Property prices are near the state median ($1.1M/$951K). The price-to-income ratio of 10.1x is considered stretched. House prices have moved +16.4% year-on-year. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.