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 6.41%
Margate,7054 has offered an average of 6.41% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Margate should be aiming for at least -4.65% off the asking price, which is the average vendor discount being achieved at the moment.
The TAS suburb of Margate, 7054 is in the Kingborough local government area.
Over the last year, property investments in Margate, 7054 have given investors a capital gain of -3.04%. This compares badly with the 0.89% for TAS as a whole.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.48% offered to property buyers. Sellers in Margate itself are offering an average vendor discount of -3.57% to real estate investors.
At number 985 in a list of fastest selling suburbs, Margate is in the bottom 40% of suburbs in Australia with an average of days on market 91 for properties listed there.
Renters in Suburb are facing rents around $3480 per annum or $290 every week.