Margate has had a A very good year for property investment returns compared to the rest of TAS, giving investors a capital gain of 21.15% to date .
Taking the average capital gain, or increase in median house value, Margate,7054 has racked up an average of 21.15% over the period. This ranks it number 99th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Margate is $605750, with sellers offering an average of -4.13% off the asking price.
Margate is 123th on a list of best yielding suburbs for rents in TAS with a 3.82% return
Property value increases in Margate have tracked just higher than the TAS average of 7.81% over the last 12 months.
While Margate,7054 ranked number 22th in TAS for increase in median house value (annualised) increase, it is ranked 33th over the last 5 years.
Margate, 7054’s gross rental yield is 5.00%
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.