AREA REPORTS

Margate

 

 

TAS/
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 21.15%.

A steady increase in median property prices over a five-year period in the suburb translates to a 55.32% capital gain.

Property investors in MARGATE enjoyed capital gains of 21.15% 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 $605,750.

Profits due to an upward trend in home prices there averaged 18.44% per annum over a 3-year period.

Home owners selling their properties and realtors in MARGATE usually have to wait an average of 35.2 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $445 mark, reflecting a 3.82% increase in returns based on the current median price in MARGATE.

MARGATE, 7054 places 52nd 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 $605,750 $343,500
GROWTH REPORT
Median Quarterly 4.44% 2.08%
Median 12 month 21.15% 12.07%
Median 3 years 55.32% 14.88%
Median 5 years 58.99% 22.13%
10 years average annual 6.15% 6.79%
Weekly media advert. rent $445 $330
Time on Market 35.2 days 7.0 days
Gross Rental Yield Percent 3.82% 5%
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

Aerial shot of suburbs

When is it too late to invest in property?

Leveraging your savings to invest in property at an early age is a widely accepted wealth strategy, but is it ever too late to invest? ...

Charles Tarbey

Property market disrupted by ‘false and misleading predictions’: RE network head

The chairman of a prominent real estate network has spoken out against constant and incorrect claims about negative gearing, suggesting atte...

Australian suburbs

The dollar values of market declines revealed

New research has taken a look at the percentages typically thrown about when talking about declines and has revealed what this means in actu...

House construction

Migration policy changes tipped to hit property market

The head of a property association has called out the government’s attempts to make changes to the 457 skilled working visa as moves which...

Suburbs sydney

Five growth drivers in the property market in 2019

Despite the softening of major city markets and the tightening of the credit environment, the Australian property market continues to offer ...

Big four banks

Popular lenders issue spate of rate cuts

Facing the prospect of an official rate cut soon, the major banks have been cutting their home loan rates out of cycle. Which of the popular...