Margate is an average performer in TAS when comparing median price capital growth over the last year. Margate gave property investors a average capital gain figure when compared to the rest of the state, with 5.77%.
Taking the average capital gain, or increase in median house value, Margate,7054 has racked up an average of 5.77% over the period. This ranks it number 2723th in the whole country for real estate investors looking at median house price increases.
Margate, 7054 is offering TAS ‘s 137th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this TAS.
Property investors who have had real estate in Margate, 7054 should be relatively unhappy with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -3.57%
Margate,7054 was ranked 1288 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -4.08% to buyers in Margate at the moment, which is less than average for the rest of TAS.
A $290 per week rent on the median house gives suburb investors a gross yield of circa 5.19%, without taking into account capital value appreciation, which has been averaging out at 6.34%.