Property investors who have had real estate in Margate, 4019 should be relatively pleased with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 2.02%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Margate has increased when compared to the 5 year average annual rate.
At number 411th of QLD’s most discounted properties, Margate is in the middle of the state/territory when listing in order of most discounted to least.
At number 1550 in a list of fastest selling suburbs, Margate is just in the top half of suburbs in Australia with an average of days on market 72.7573 for properties listed there.
Advertised rents are around the $385 mark per week – giving a return of 4.40% based on the median price in Suburb
QLD has seen average median house prices change by -0.57% which means that Margate, 4019 has not done well for property investors by showing a capital gain of 4.91% over the last year
Margate,4019 was ranked 277 in Australia by increase in median property value over the quarter.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.43% offered to property buyers. Sellers in Margate itself are offering an average vendor discount of -6.93% to real estate investors.
In the last year 35 properties changed hands in Margate, which puts it as the 151th most active market in QLD when comparing the number of sales per suburb.