With a capital gain of 10.49% for the last 12 months, Margate, 4019 has performed for property investments than its average annual 4.35% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Margate,4019 has racked up an average of 10.49% over the period. This ranks it number 1704th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Margate is $447500, with sellers offering an average of -4.35% off the asking price.
In the last year 172 properties changed hands in Margate, which puts it as the 84th most active market in QLD when comparing the number of sales per suburb.
The QLD suburb of Margate, 4019 is in the Moreton Bay local government area.
QLD has seen average median house prices change by 0.66% which means that Margate, 4019 has done well for property investors by showing a capital gain of -2.60% over the last year
Margate,4019 was ranked 1408 in Australia by increase in median property value over the quarter.
At number 229th of QLD’s most discounted properties, Margate is in the TOP 30% of the state/territory when listing in order of most discounted to least.
Residents and property investors in Margate have been waiting around 80.07 days to sell a property.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.85%, without taking into account capital value appreciation, which has been averaging out at 2.28%.