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 10.26%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Margate has increased when compared to the 5 year average annual rate.
The most recent median price for Margate is $430000, with sellers offering an average of -4.66% off the asking price.
Margate is 102th on a list of best yielding suburbs for rents in TAS with a 4.66% return
Margate is in the bottom 30% in TAS when comparing median price capital growth over the last year. Margate gave property investors a disappointing capital gain figure when compared to the rest of the state, with -3.62%.
Taking the average capital gain, or increase in median house value, Margate,7054 has racked up an average of -3.62% over the period. This ranks it number 908th in the whole country for real estate investors looking at median house price increases.
Margate7054 is located in TAS which offers an average discount of -5.14% to property investors. Margate itself is showing figures that indicate -2.63% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 1.50 sales per month, which equates to 18 per year.
The TAS suburb of Margate, 7054 is in the Kingborough local government area.