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 6.98%
Margate,4019 was ranked 2239 in Australia by increase in median property value over the quarter.
The most recent median price for Margate is $433250, with sellers offering an average of -4.85% off the asking price.
With the median price for a house in Margate being $433250 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 4.32%
Margate is an average performer in QLD when comparing median price capital growth over the last year. Margate gave property investors a good capital gain figure when compared to the rest of the state, with 2.67%.
Across a shorter period, Margate, 4019 has seen a median price increase of -0.90% over the last quarter.
The most recent median price for Margate is $385000, with sellers offering an average of -4.71% off the asking price.
Residents and property investors in Margate have been waiting around 69.43 days to sell a property.