Margate, TAS 7054

Margate, TAS 7054

Compare Part of Kingborough

17.12 km
Distance from CBD
6 k
Population
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