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 13.04%.
While Margate,7054 ranked number 108th in TAS for increase in median house value (annualised) increase, it is ranked 30th over the last 5 years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Margate, 7054. Typically our figures indicate that -3.73% is being offered, which puts this TAS suburb at 3200th most discounted overall in Australia.
Margate, 7054’s gross rental yield is 4.50%
If you compare the increase in value of investment property in Margate, 7054 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this TAS suburb was 8.90%.
Comparing Margate,7054 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Margate is offering property investors an average of -4.04. This rate of discount on properties puts Suburb at number 38th in terms of most discounted suburbs in TAS
Margate is 31th on a list of best yielding suburbs for rents in TAS with a 5.10% return
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.