scoresby

3179, Victoria

Real Estate & Property Information

Median
Price Rank
273

scoresby Suburb Profile & Review

Scoresby is a suburb in Melbourne's south-east, located less than forty minutes from the city centre. It was named after Arctic explorer William Scoresby, who visited the area to experiment with the earth's magnetic field in the 1850s. Don't tell the kids, but Scoresby's market gardens also made it the brussel sprout capital of Victoria in the 1950s.

The area's market garden legacy is continued today at Caribbean Gardens, a privately run market and entertainment park open every Wednesday, Friday and Sunday. Near the precinct, on Ferntree Gully Road and Darryl Street, there are some delightful coffee spots, like Rusty Rocket cafe. A Safeway supermarket, medical centre, childcare and fitness facilities are also situated in this area.

For sports and entertainment, residents have no need to travel to inner city suburbs. The Caribbean Rollerrama is a popular family skating rink. The Scoresby Recreation Reserve is the home ground for the Scoresby Football Club, while Exner Reserve houses the Scoresby Tennis Club and the Scoresby Ferndale Cricket Club. Chesterfield Farm is a historical farm where children can experience farm life firsthand. Scoresby Primary School, St Jude's Primary School and Scoresby Secondary College are all growing schools accessible from local bus services.

scoresby Demographic Data

$ 470,000 Median House Price

30 Minutes Average Commute

36 Median Age

5,892 Population

49.59 % Female

50.41 % Male

1676 NO OF FAMILIES

1.8 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in scoresby, Victoria.

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scoresby Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

scoresby Median House Prices

  • 2008 $ 341,500
  • 2009 $ 369,050
  • 2010 $ 396,000
  • 2011 $ 489,000
  • 2012 $ 470,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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scoresby 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in scoresby have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term scoresby property price predictions.

scoresby Market Property Types

  • 97 % Seperate House
  • 2 % Semi Detached
  • 1 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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scoresby Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

scoresby Income & Mortgage Stats

  • $ 1,487 Median Weekly Household Income
  • $ 1,733 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in scoresby

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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scoresby Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

scoresby Sold Property Prices

scoresby Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

scoresby Related Local Blog Posts

Immigrants Are Pushing House Prices Higher

Much of Australia’s history and success has been built on the back immigration but are the current intake levels too high and how are they impacting prices?

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

scoresby Restaurants

  • Teaks Thai Restaurant10 Darryl St scoresby VIC 317903 9759 9128
  • Khana Lazeez3/23 Darryl St scoresby VIC 317903 9764 8644
  • Cinta Raya Restaurant1381 Ferntree Gully Rdscoresby VIC 317903 9763 3378

scoresby Cafes

  • 13301330 Ferntree Gully Rdscoresby VIC 317903 9764 1410
  • Huey's Bakehouse2/15 Darryl Streetscoresby VIC 317903 9764 2234
  • Scoresby Cafe17 Nyadale Drivescoresby VIC 317903 9763 9403

scoresby Schools

  • St. Jude the Apostle Primary School53 George Streetscoresby VIC 3179(03) 9763 7703Catholic Primary School
  • Scoresby Primary School11 Ingrid Streetscoresby VIC 3179(03) 9763 7484State Primary School
  • Scoresby Secondary College2 Cavell Streetscoresby VIC 3179(03)9763 8788State Secondary College

scoresby Childcare

  • Scoresby Village Childcare1315 Ferntree Gully Rdscoresby VIC 3179

scoresby Kindergarten and Preschools

  • Berrabri PreschoolBerrabri Drivescoresby VIC 3179

scoresby Sporting Centres and Clubs

  • Knox Lacrosse Club, Benedikt Reservescoresby VIC 3179
  • Victorian Association of Radio Model Soaring (VARMS)scoresby VIC 3179
  • Benedikt Reservescoresby VIC 3179Tennis Club & Courts

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