Median Sale Price
House
$745K
Updated on May 2022
2 BR $650K | 3 BR $684K | 4 BR $1.08M |
Unit
$508K
Updated on May 2022
1 BR - | 2 BR $503K | 3 BR $683K |
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 | $530,000 | -9.4% | $325,000 | $1,500,000 | 70 |
| 2020 | $596,000 | +11.1% | $435,000 | $1,000,000 | 37 |
| 2021 | $740,000 | +19.5% | $530,000 | $2,810,000 | 49 |
| 2022 | $815,000 | +9.2% | $600,000 | $1,501,000 | 22 |
Median Sale Price
$815K
Based on 45 recorded sales within the last 12 months
Updated on 30 Jun 2022
Suburb Growth
+12.3%
Current Median Price: $815,000
Previous Median Price: $715,000
Based on 88 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending May 2022)
Price Range Segments (12 months ending May 2022)
Median Weekly Rent Price
House
$495
Updated on May 2022
2 BR $378 | 3 BR $495 | 4 BR $600 |
Unit
$413
Updated on May 2022
1 BR - | 2 BR $410 | 3 BR $450 |
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% | $395 | $625 | 25 |
| 2021 | $480 | 0.0% | $325 | $600 | 28 |
| 2022 | $540 | +11.1% | $360 | $625 | 8 |
Median Rent Price
$495
per week
Based on 22 recorded rent within the last 12 months
Updated on 30 Jun 2022
Rent Price Growth
+3.0%
Current Median Rent: $495
Previous Median Rent: $480
Based on 47 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.2%
Current Median Price: $815,000
Current Median rent: $495
Based on 67 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending May 2022)
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 |