AREA REPORTS

Margate

Suburb Profile

Margate - FREE 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 20.54%.

A steady increase in median property prices over a five-year period in the suburb translates to a 41.82% capital gain.

Property investors in MARGATE enjoyed capital gains of 20.54% 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 $554,500.

Profits due to an upward trend in home prices there averaged 13.94% per annum over a 3-year period.

Home owners selling their properties and realtors in MARGATE usually have to wait an average of 32.2 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $450 mark, reflecting a 4.22% increase in returns based on the current median price in MARGATE.

MARGATE, 7054 places 27th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $554,500 $322,500
GROWTH REPORT
Median Quarterly 7.25% 0.78%
Median 12 month 20.54% 9.32%
Median 3 years 41.82% 7.86%
Median 5 years 55.98% 26.47%
10 years average annual 4.49% 5.98%
Weekly media advert. rent $450 $315
Time on Market 32.2 days 10.9 days
Gross Rental Yield Percent 4.22% 5.08%
demographics (median values)
Total Population
3397
Weekly Household Income
1118
Household Size
2.80
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Office space

Office investment in Melbourne is boosting resi investment

Melbourne has been listed as an international investment hotspot and its increase in office investment is helping push up residential invest...

Western Sydney airport

New suburb offering long-term gains for investors

The new Western Sydney Airport is set to bring investors new opportunities, a homebuilder has suggested, with the surrounding ‘Aerotropoli...

Research data

How to get your property research right

An informed property investor is a smart property investor, with one property expert stating preparation is the key to a successful investme...

House key

Landlords vital for home ownership, expert says

Landlords are often blamed for affordability issues, but one property expert and property investor refutes this, arguing that landlords can ...

Property investment

The role of financial advisers in property investment

Financial advisers are not as in-demand as other professionals in the property investment landscape, but experts believe that they are just ...

Hobart

The top 50 regions of growing and declining dwelling value

New data has revealed the top 50 regions across the country that experienced the highest increase in dwelling values over the last year, as ...