Median Sale Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 2024
1 BR - | 2 BR - | 3 BR - |
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 | $830,000 | +10.8% | $500,000 | $1,700,000 | 43 |
| 2023 | $725,000 | -14.5% | $407,000 | $1,350,000 | 42 |
| 2024 | $705,000 | -2.8% | $640,000 | $816,000 | 11 |
Median Sale Price
$705K
Based on 40 recorded sales within the last 12 months
Updated on 16 Apr 2024
Suburb Growth
-15.6%
Current Median Price: $705,000
Previous Median Price: $815,000
Based on 80 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Mar 2024)
Price Range Segments (12 months ending Mar 2024)
Median Weekly Rent Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 2024
1 BR - | 2 BR - | 3 BR - |
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 | $585 | 30 |
| 2018 | $450 | +12.2% | $285 | $650 | 33 |
| 2019 | $465 | +3.2% | $350 | $580 | 25 |
| 2020 | $480 | +3.1% | $420 | $625 | 25 |
| 2021 | $480 | 0.0% | $325 | $600 | 28 |
| 2022 | $540 | +11.1% | $360 | $850 | 28 |
| 2023 | $550 | +1.8% | $400 | $750 | 35 |
| 2024 | $595 | +7.6% | $450 | $640 | 3 |
Median Rent Price
$550
per week
Based on 29 recorded rent within the last 12 months
Updated on 16 Apr 2024
Rent Price Growth
0.0%
Current Median Rent: $550
Previous Median Rent: $550
Based on 62 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+4.1%
Current Median Price: $705,000
Current Median rent: $550
Based on 69 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Mar 2024)
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 |