If you compare the increase in value of investment property in Margate, 7054 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this TAS suburb was 2.96%.
Across a shorter period, Margate, 7054 has seen a median price increase of 2.43% over the last quarter.
Property buyers and investors in Margate 7054 should be seeing an average reduction in asking price of around -4.50% . This means that Margate is holding prices well when compared to other suburbs in TAS.
In the last year 69 properties changed hands in Margate, which puts it as the 27th most active market in TAS when comparing the number of sales per suburb.
Advertised rents are around the $380 mark per week – giving a return of 4.94% based on the median price in Suburb
At number 1341th 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 -3.33% recorded in median house prices.
While Margate,7054 ranked number 47th in TAS for increase in median house value (annualised) increase, it is ranked 19th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Margate is offering property investors an average of -5.46. This rate of discount on properties puts Suburb at number 36th in terms of most discounted suburbs in TAS
Advertised rents are around the $300 mark per week – giving a return of 5.38% based on the median price in Suburb