Median Sale Price
House
$606K
Updated on Dec 2020
2 BR $568K | 3 BR $527K | 4 BR $658K |
Unit
$413K
Updated on Dec 2020
1 BR - | 2 BR $383K | 3 BR $480K |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $350,000 | 0.0% | $248,000 | $835,000 | 65 |
| 2010 | $370,000 | +5.4% | $200,000 | $850,000 | 66 |
| 2011 | $370,000 | 0.0% | $135,000 | $740,000 | 66 |
| 2012 | $375,000 | +1.3% | $270,000 | $797,500 | 53 |
| 2013 | $375,000 | 0.0% | $245,000 | $660,000 | 54 |
| 2014 | $405,000 | +7.4% | $302,500 | $620,000 | 66 |
| 2015 | $385,000 | -5.2% | $271,000 | $890,000 | 63 |
| 2016 | $422,000 | +8.8% | $250,000 | $900,250 | 53 |
| 2017 | $510,000 | +17.3% | $264,000 | $1,030,000 | 51 |
| 2018 | $580,000 | +12.1% | $385,000 | $980,000 | 52 |
| 2019 | $548,000 | -5.8% | $325,000 | $1,500,000 | 70 |
| 2020 | $641,000 | +14.5% | $435,000 | $1,000,000 | 37 |
| 2021 | $815,000 | +21.3% | $665,000 | $815,000 | 3 |
Median Sale Price
$658K
Based on 39 recorded sales within the last 12 months
Updated on 20 Jan 2021
Suburb Growth
+13.8%
Current Median Price: $658,000
Previous Median Price: $567,000
Based on 106 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Dec 2020)
Price Range Segments (12 months ending Dec 2020)
Median Weekly Rent Price
House
$475
Updated on Dec 2020
2 BR $395 | 3 BR $465 | 4 BR $550 |
Unit
$370
Updated on Dec 2020
2 BR $360 | 3 BR $443 | 4 BR $460 |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | - | - | - | - | - |
| 2012 | $380 | 0.0% | $380 | $380 | 1 |
| 2013 | $495 | +23.2% | $495 | $495 | 1 |
| 2014 | $370 | -33.8% | $270 | $500 | 13 |
| 2015 | $365 | -1.4% | $275 | $480 | 39 |
| 2016 | $380 | +3.9% | $275 | $600 | 38 |
| 2017 | $395 | +3.8% | $300 | $560 | 30 |
| 2018 | $450 | +12.2% | $285 | $650 | 33 |
| 2019 | $450 | 0.0% | $350 | $580 | 25 |
| 2020 | $480 | +6.3% | $350 | $600 | 24 |
| 2021 | - | - | - | - | - |
Median Rent Price
$480
per week
Based on 24 recorded rent within the last 12 months
Updated on 20 Jan 2021
Rent Price Growth
+6.3%
Current Median Rent: $480
Previous Median Rent: $450
Based on 48 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.8%
Current Median Price: $658,000
Current Median rent: $480
Based on 63 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Dec 2020)
Auction Results For Margate
Houses sold in Last 12 months ends 16 Jan 2021
$500K
Median Sale Price
100%
Clearance Rate
2/2
Sold/Reported
$500K
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $400 K - $600 K (Median Price Range) | 1 | |
Schools closest to Margate, TAS 7054
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Margate Primary School | 7 VAN MOREY ROADMargate 7054 | Primary | Government | 0.14 km |
| Channel Christian SchoolTop 20 | ENDEAVOUR AVENUEMargate 7054 | Combined | Independent | 0.85 km |