Median Sale Price
House
$635K
Updated on Apr 2021
2 BR $700K | 3 BR $530K | 4 BR $713K |
Unit
$415K
Updated on Apr 2021
1 BR - | 2 BR $380K | 3 BR $521K |
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 | $596,000 | +8.1% | $435,000 | $1,000,000 | 37 |
| 2021 | $740,000 | +19.5% | $550,000 | $1,180,000 | 26 |
Median Sale Price
$715K
Based on 43 recorded sales within the last 12 months
Updated on 21 Jun 2021
Suburb Growth
+16.6%
Current Median Price: $715,000
Previous Median Price: $596,000
Based on 95 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending May 2021)
Price Range Segments (12 months ending May 2021)
Median Weekly Rent Price
House
$480
Updated on May 2021
2 BR $360 | 3 BR $480 | 4 BR $550 |
Unit
$370
Updated on May 2021
1 BR - | 2 BR $360 | 3 BR $443 |
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 | 25 |
| 2021 | $430 | -11.6% | $325 | $520 | 8 |
Median Rent Price
$480
per week
Based on 20 recorded rent within the last 12 months
Updated on 21 Jun 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
+3.5%
Current Median Price: $715,000
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 May 2021)
Auction Results For Margate
Houses sold in Last 12 months ends 19 Jun 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 |