At number 1042th in the list of Australian suburbs ordered by increase in median house value over the last year, Margate, 7054 is in the top 30% with a property value increase of 10.76% recorded in median house prices.
Across a shorter period, Margate, 7054 has seen a median price increase of 3.35% over the last quarter.
Property buyers and investors in Margate 7054 should be seeing an average reduction in asking price of around -4.69% . This means that Margate is holding prices well when compared to other suburbs in TAS.
On average over the past year, suburb has had 5.33 sales per month, which equates to 64 per year.
Using the current median advertised rental of $380 and the average annual increase in value of a median property of 2.88%, investors should hope to achieve an overall return of 4.57%
If you compare the increase in value of investment property in Margate, 7054 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this TAS suburb was -5.61%.
Margate, 7054 is offering TAS ‘s 29th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this TAS.
Renters in Suburb are facing rents around $3480 per annum or $290 every week.