Scarborough currently takes Perth’s central coast value crown – but the window of opportunity for savvy buyers to get into the absolute beachfront suburb won’t last forever.
Effective Residential agent Ollie Salimi warned a combination of factors meant Scarborough’s strong property growth was likely to continue, putting upward pressure on prices in the medium term.
When compared to nearby areas like City Beach, Trigg, and Cottesloe, Scarborough – which is just 13 kilometres from the CBD – still represents strong value for a coastal suburb
– said Mr Salimi
“Scarborough is currently offering a tangible affordability edge and it’s attracting a broad range of buyers looking to secure a coastal lifestyle without stretching into those higher price brackets.”
However, Mr Salimi said that edge was likely to erode over time.
“There’s a very strong sense of confidence in the suburb’s future, which is naturally contributing to limited supply,” he explained.
“Most investors I’ve spoken with who own one or more properties in Scarborough are holding their assets very tightly and on-the-ground buyer activity is solid, with many properties being snapped up in a few days, especially in the mid to upper price ranges.”
REIWA data shows Scarborough’s median sales price is $1.4 million, while Trigg’s is $2.47 million, City Beach’s is $3.78 million, North Beach’s is $1.93 million, Marmion is sitting on $1.91 million and Watermans Bay is $2.93 million. The median sales price in Hillarys is the next closest in the northern coastal belt at $1.55 million.
Mr Salimi said local upsizers and interstate buyers were likely to keep driving up demand in the suburb, which is home to one of Perth’s most iconic beaches.
East coast investors and families in particular continue to view Perth homes as relatively affordable, compared to the eastern seaboard, and we likely still have a way to go until that trend shifts
– said Mr Salimi
“On top of that, by 2035, Scarborough’s population is forecast to grow by 20%, which will further drive-up prices.
“Additionally, ongoing infrastructure investment and higher-density planning changes around Glendalough train station will mean rising medium term demand for Scarborough housing, underscoring that the best time to get into this vibrant coastal suburb is now.”
