Margate has had a pretty good year for property investment returns compared to the rest of TAS, giving investors a capital gain of 11.40% to date .
Across a shorter period, Margate, 7054 has seen a median price increase of 0.58% over the last quarter.
Sellers are offering property buyers an average discount of -4.70% to buyers in Margate at the moment, which is less than average for the rest of TAS.
At number 1245 in a list of fastest selling suburbs, Margate is in the TOP 40% of suburbs in Australia with an average of days on market 63.24 for properties listed there.
At number 1303th in the list of Australian suburbs ordered by increase in median house value over the last year, Margate, 7054 is in the BOTTOM 30% with a property value increase of -2.96% recorded in median house prices.
If we look at median property appreciation over just the last three months, Margate has given property investors a paper return of 1.55%. This puts Suburb as 23 on a list of fastest fasting appreciating suburbs in TAS
At number 44th of TAS’s most discounted properties, Margate is in the TOP 20% of the state/territory when listing in order of most discounted to least.
Situated 16.96km from the CBD, Margate is one of Kingborough localities in the postcode 7054.