Margate has had a A very good year for property investment returns compared to the rest of TAS, giving investors a capital gain of 21.95% to date .
Taking the average capital gain, or increase in median house value, Margate,7054 has racked up an average of 21.95% over the period. This ranks it number 1545th in the whole country for real estate investors looking at median house price increases.
Margate7054 is located in TAS which offers an average discount of -5.93% to property investors. Margate itself is showing figures that indicate -5.25% is the average achievable by property buyers investing in the suburb.
With the median price for a house in Margate being $500000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 4.16%
Margate is in the bottom 40% in TAS when comparing median price capital growth over the last year. Margate gave property investors a disappointing capital gain figure when compared to the rest of the state, with 4.81%.
The most recent median price for Margate is $305000, with sellers offering an average of -2.52% off the asking price.
A $312.5 per week rent on the median house gives suburb investors a gross yield of circa 5.33%, without taking into account capital value appreciation, which has been averaging out at 6.45%.
This suburb has logged significant 10% growth in the housing market over the past 12 months leading up to April 2017.Full summary
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Small town offers affordable community living
Median house price: $432,500
Three-year growth: 14.27%
Rental yield: 4.57%
A 25-minute drive from Hobart past Blackmans Bay will take you to the seaside haven of Margate, which has logged significant 10% growth in the house market over the past 12 months leading up to April 2017.
The median house price is comfortably under $450,000, making it an excellent bargain considering it is less than 30 minutes from the capital. Considerable development over the past couple of decades has contributed to Margate’s rise, with shops and cafes serving the community. The suburb is also home to Margate Primary School, a health and recreation centre with a pool, as well as Dru Point Bicentennial Park, which is on the banks of North-west Bay.
Bus route 415 travels from Margate Central to Hobart daily.