Investment property in Margate has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.16%
Comparing Margate,4019 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Margate 4019 should be seeing an average reduction in asking price of around -4.66% . This means that Margate is holding prices well when compared to other suburbs in QLD.
A $370 per week rent on the median house gives suburb investors a gross yield of circa 4.26%, without taking into account capital value appreciation, which has been averaging out at 4.11%.
Property value increases in Margate have tracked just lower than the QLD average of 0.29% over the last 12 months.
While Margate,4019 ranked number 325th in QLD for increase in median house value (annualised) increase, it is ranked 128th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Margate is offering property investors an average of -5.98. This rate of discount on properties puts Suburb at number 268th in terms of most discounted suburbs in QLD
In the last year 39 properties changed hands in Margate, which puts it as the 214th most active market in QLD when comparing the number of sales per suburb.
Margate is 231th on a list of best yielding suburbs for rents in QLD with a 4.98% return