Powered by MOMENTUM MEDIA
smart property investment logo
Margate
AREA REPORTS

Margate

Margate - SUBURB PROFILE REPORT
POSTAL CODE: TAS, 7054

house
unit

Homeowners and real estate investors betting on MARGATE, 7054 can rest assured about this TAS suburb's performance. The suburb saw median home prices rise by 23.32%.

A steady increase in median property prices over a five-year period in the suburb translates to a 24.16% capital gain.

Property investors in MARGATE enjoyed capital gains of 23.32% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $735,000.

Profits due to an upward trend in home prices there averaged 8.05% per annum over a 3-year period.

Home owners selling their properties and realtors in MARGATE usually have to wait an average of 13.2 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $480 mark, reflecting a 3.4% increase in returns based on the current median price in MARGATE.

MARGATE, 7054 places 103rd in Australia based on median property value growth during the quarter.

Data report can be found below

Margate
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $735,000 $510,000
GROWTH REPORT
Median Quarterly 5% 2%
Median 12 month 23.32% 30.77%
Median 3 years 24.16% 47.83%
Median 5 years 74.17% 75.56%
10 years average annual 7.21% 9.66%
Weekly media advert. rent $480 N/A
Time on Market 13.2 days 0.0 days
Gross Rental Yield Percent 3.4% N/A
demographics (median values)*
Total Population
8745
Weekly Household Income
1547
Household Size
2.70
Age
39
Monthly Loan Repayment
1600
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Get the latest news & updates

Join a community of over 100,000 property investors.

Check this box to receive podcast updates

Related Articles


Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.