Scoresby VIC Property Investment

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## 2. Market Overview - Median house price: approximately $955,000 - Median unit price: approximately $655,000 - 1‑year price growth: 3.8 % - 5‑year CAGR: 5.7 % per year - 3‑year growth forecast: 13.5 %

Days on market is not supplied, so we cannot quantify buyer‑seller urgency. The modest 1‑year growth (3.8 %) and solid longer‑term CAGR (5.7 %) suggest a stable market rather than a hot‑selling environment. Buyers can expect modest price appreciation, while sellers should price competitively to attract interest.

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## 3. Rental Market - Median weekly rent: $600 - Gross rental yield: 3.3 %

Vacancy rate and demand rating are not provided. A 3.3 % gross yield sits in the mid‑range for Melbourne’s outer‑east suburbs, indicating a reasonable but not spectacular return. Investors should treat the rental market as steady, with limited upside unless vacancy falls further.

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## 4. Short‑Term Rental Opportunity No STR data (nightly rate, occupancy, annual revenue) are available. Without those figures we cannot assess whether a long‑term rental (LTR) or short‑term rental (STR) strategy would be superior in Scoresby.

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## 5. Infrastructure & Growth Drivers The data set does not list any specific projects, transport upgrades, or major employment hubs. Consequently we cannot quantify any particular infrastructure catalyst or constraint for Scoresby at this time.

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## 6. Bull Case If the 3‑year growth forecast of 13.5 % materialises:

A realised price increase of this magnitude would lift capital returns for owners who entered at today’s median levels.

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## 7. Risks | Risk | Detail (with numbers where possible) | |------|--------------------------------------| | Vacancy risk | No vacancy data supplied; a rise in vacancy would compress the 3.3 % yield. | | Supply pipeline | Absence of information on new builds means a sudden influx of inventory could pressure prices and rents. | | Rate sensitivity | With a 3.8 % recent price rise, higher interest rates could dampen buyer demand and curb further growth. | | Data gaps | Missing days‑on‑market, demand rating, and STR metrics limit the ability to fully gauge market dynamics. |

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## 8. The Play - Entry range: around $950,000–$960,000 for houses and $650,000–$660,000 for units (aligned with current medians). - Yield target: aim for ≥ 3.3 % gross yield; consider properties with lower purchase price or higher rent to improve the margin. - Watch signals: * Publication of days‑on‑market figures. * Vacancy rate trends from the next quarterly rental report. * Any announced transport or development projects in the suburb. * Reserve Bank interest‑rate moves.

Recommended strategy: acquire a property at the lower end of the median range, lock in a tenant at the $600 /week rate, and monitor the above signals. If vacancy remains low and interest rates stay stable, hold for capital growth; if a supply surge or rate hike emerges, reassess the position.