Property value increases in Margate have tracked higher than the QLD average of 12.16% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Margate comes in at number 242th in QLD.
Sellers are offering property buyers an average discount of -3.50% to buyers in Margate at the moment, which is less than average for the rest of QLD.
A $422.5 per week rent on the median house gives suburb investors a gross yield of circa 4.01%, without taking into account capital value appreciation, which has been averaging out at 4.08%.
Margate is in the TOP 30% in QLD when comparing median price capital growth over the last year. Margate gave property investors a good capital gain figure when compared to the rest of the state, with 15.00%.
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.
LACK OF BUYER INTEREST may well be the reason that Margate is offering property investors an average of -4.64. This rate of discount on properties puts Suburb at number 48th in terms of most discounted suburbs in QLD
Residents and property investors in Margate have been waiting around 92.3673 days to sell a property.