TAS has seen average median house prices change by 3.12% which means that Margate, 7054 has done well for property investors by showing a capital gain of 0.00% over the last year
Taking the average capital gain, or increase in median house value, Margate,7054 has racked up an average of 0.00% over the period. This ranks it number 3076th in the whole country for real estate investors looking at median house price increases.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.01% offered to property buyers. Sellers in Margate itself are offering an average vendor discount of -4.73% to real estate investors.
In the last year 70 properties changed hands in Margate, which puts it as the 28th most active market in TAS when comparing the number of sales per suburb.
With the median price for a house in Margate being $390000 and the advertised rent reaching $375 the gross rental yield for property investors calculates out to be 5.00%
Margate, 7054 ranked 39th in TAS when comparing growth in median property values or capital gain over the last 12 months. Margate is one of 606 in our list for TAS
The five-year average increase in median property values for Margate,7054 has given property investors a potential capital gain of 3.94% across each of those five years.
Vendor discounting in Margate is giving property investors an average Vendor Discount of around -3.11%. This puts suburb at number 42th in TAS when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Margate the average time real estate has been on the market is 94.78 days.
Property investors should expect to get $300 weekly from the median priced house in this suburb.