Giving property investors a a stable capital gain of 8.11% for the last year, Margate, 4019 is the 1584th highest performer in Australia in this respect.
Over the longer term, Margate has seen property prices show investors a 19.48% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Margate is giving property investors an average Vendor Discount of around -4.91%. This puts suburb at number 633th in QLD when ranking the most discounted suburbs.
Advertised rents are around the $360 mark per week – giving a return of 4.25% based on the median price in Suburb
Property investors who have had real estate in Margate, 4019 should be relatively unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -2.60%
Margate,4019 was ranked 1389 in Australia by increase in median property value over the quarter.
The most recent median price for Margate is $375000, with sellers offering an average of -5.00% off the asking price.
In the last year 39 properties changed hands in Margate, which puts it as the 197th most active market in QLD when comparing the number of sales per suburb.
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 2.63%.