With a capital gain of -1.09% for the last 12 months, Margate, 4019 has performed for property investments than its average annual 3.96% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Margate comes in at number 293th in QLD.
Margate4019 is located in QLD which offers an average discount of -7.32% to property investors. Margate itself is showing figures that indicate -5.17% is the average achievable by property buyers investing in the suburb.
Using the current median advertised rental of $355 and the average annual increase in value of a median property of 3.96%, investors should hope to achieve an overall return of 4.53%
Over the last year, property investments in Margate, 4019 have given investors a capital gain of 6.94%. This compares favourably with the 0.77% for QLD as a whole.
Margate,4019 was ranked 875 in Australia by increase in median property value over the quarter.
The most recent median price for Margate is $385000, with sellers offering an average of -4.23% off the asking price.