Margate has had a pretty good year for property investment returns compared to the rest of TAS, giving investors a capital gain of 12.26% to date .
Taking the average capital gain, or increase in median house value, Margate,7054 has racked up an average of 12.26% over the period. This ranks it number 2264th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -4.86% to buyers in Margate at the moment, which is less than average for the rest of TAS.
A $380 per week rent on the median house gives suburb investors a gross yield of circa 4.54%, without taking into account capital value appreciation, which has been averaging out at 3.04%.
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 -3.84%.
LACK OF BUYER INTEREST may well be the reason that Margate is offering property investors an average of -5.25. This rate of discount on properties puts Suburb at number 46th in terms of most discounted suburbs in TAS
At number 622 in a list of fastest selling suburbs, Margate is just in the top half of suburbs in Australia with an average of days on market 70.4 for properties listed there.
A $310 per week rent on the median house gives suburb investors a gross yield of circa 5.54%, without taking into account capital value appreciation, which has been averaging out at 6.27%.