COTTESLOE VS SCARBOROUGH
In Perth , it ’ s a battle of the beaches with highly popular and expensive Cottesloe up against the far more affordable Scarborough . In terms of pricing , the difference is stark - the median for Cottesloe currently sits at $ 2.4 million compared to Scarborough ’ s $ 820,000 . And while both suburbs have seen strong price growth , Cottesloe ’ s price growth is far stronger at 24 per cent over the past 12 months compared to 12 per cent for Scarborough .
While buyers are pushing up prices in Cottesloe more , renters appear more keen on the more affordable Scarborough . While rents are a lot cheaper in Scarborough ($ 650 per week for a house compared to $ 1,100 per week for Cottesloe ), growth in rents have been a lot stronger in Scarborough .
Given the difference in price point , median incomes in Scarborough are a lot lower , primarily because it has a much younger demographic than Cottesloe , as well as there being fewer families .
Winner - Scarborough is the next Cottesloe but for now the winner is Cottesloe .
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