Date Prepared: 20th November 2024
Sources: Attached PDF (Pricefinder), ABS, Landchecker, Your Investment Property Magazine, Walkscore, TMR Queensland, Domain, and Google (for parks).
Overview
Scarborough, situated at the northern tip of the Redcliffe Peninsula in Moreton Bay, is a picturesque coastal suburb known for its serene beaches, vibrant marina, and family-friendly atmosphere. It offers a balanced lifestyle with modern conveniences and natural beauty, attracting residents and investors alike.
Demographics
- Population: Approximately 8,600 (2021 Census, ABS).
- Median Age: 46 years, reflecting a mature, family-oriented community.
- Dwelling Type: Predominantly standalone houses with a growing number of units and luxury residences.
- Ownership: High ownership rates, reflecting long-term residential stability.
Property Market (2024)
Houses
- Median Sale Price: $982,500 (+9.2% annual growth).
- Median Weekly Rent: $630.
- Rental Yield: 3.3%.
- Sales Volume: 128 house sales recorded in the past 12 months.
Units
- Median Sale Price: $825,000 (+15.4% annual growth).
- Median Weekly Rent: $600.
- Rental Yield: 3.8%.
Long-Term Trends (2006–2024)
Scarborough’s housing market has shown robust growth, with the median house price increasing from $340,000 in 2006 to $982,500 in 2024. This reflects an average annual growth rate of approximately 7.0%.
Recent Notable Sales
- 36 Murphy Street: Sold for $1,200,000 (Nov 2024).
- 27 Osbourne Street: Sold for $1,360,000 (Sep 2024).
- 100 Mein Street: Sold for $1,500,000 (Sep 2024).
Source: Pricefinder, Your Investment Property Magazine.
Education
Scarborough provides access to several educational facilities:
- Primary Schools:
- Scarborough State School.
- Secondary Schools:
- Redcliffe State High School (nearby).
- Private Schools:
- Grace Lutheran College (in Rothwell).
Source: Queensland Department of Education, Landchecker.
Amenities and Lifestyle
Shopping
- Local Shops: Scarborough Village offers boutique stores, cafes, and essential retail services.
- Nearby Options: Redcliffe and Kippa-Ring provide larger shopping hubs with extensive dining options.
Parks and Recreation
- Scarborough Beach Park: Features picnic areas, playgrounds, and waterfront access.
- Morgan’s Seafood: A popular marina offering fresh seafood and scenic views.
- Queens Beach: A tranquil location for swimming, walking, and fishing.
Source: Google, Walkscore.
Transport and Accessibility
- Road Network:
- Easily accessible via Oxley Avenue and other arterial roads connecting to the Bruce Highway.
- Public Transport:
- Regular bus services link Scarborough to Redcliffe and surrounding suburbs.
- Walkability:
- High; local amenities, parks, and beaches are within walking distance.
Source: TMR Queensland, Walkscore.
Recent and Planned Developments
- Residential Expansion: Growth in high-end waterfront homes and modern units.
- Community Investments: Upgrades to foreshore facilities, parks, and public infrastructure to support population growth and tourism.
Source: Pricefinder, Your Investment Property Magazine.
Community and Employment
- Employment Sectors:
- Key industries include tourism, healthcare, retail, and construction.
- Community Activities:
- Coastal festivals, farmers’ markets, and marina events foster a vibrant local culture.
Source: ABS, Your Investment Property Magazine.
Key Statistics at a Glance
| Metric | Value |
|---|---|
| Population | ~8,600 (2021 Census). |
| Median House Price (2024) | $982,500. |
| Median Rent (Houses) | $630/week. |
| Rental Yield (Houses) | 3.3%. |
| Median Unit Price (2024) | $825,000. |
| Median Rent (Units) | $600/week. |
| Rental Yield (Units) | 3.8%. |
| Notable Parks | Scarborough Beach Park, Morgan’s Seafood, Queens Beach. |
| Transport Access | Oxley Avenue, bus services. |
Conclusion
Scarborough offers an idyllic coastal lifestyle with excellent amenities and steady property market growth. Its scenic beaches, strong community ties, and convenient location make it an attractive option for families, retirees, and investors looking for long-term potential.