At number 2096th in the list of Australian suburbs ordered by increase in median house value over the last year, Margate, 7054 is in the BOTTOM 50% with a property value increase of 1.34% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Margate comes in at number 58th in TAS.
At number 11th of TAS’s most discounted properties, Margate is in the bottom 20% of the state/territory when listing in order of most discounted to least.
Margate, 7054’s gross rental yield is 4.20%
Margate has had a pretty good year for property investment returns compared to the rest of TAS, giving investors a capital gain of 12.15% to date .
A 30.00% growth in median value for property investors in Margate,7054 puts this suburb at number 26th in terms of best performing suburbs in TAS
Using the current median advertised rental of $370 and the average annual increase in value of a median property of 7.68%, investors should hope to achieve an overall return of 4.93%
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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.