Median Sale Price
House
-
Updated on Sep 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Sep 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 | $755,000 | +4.0% | $510,000 | $1,430,000 | 37 |
Median Sale Price
$755K
Based on 40 recorded sales within the last 12 months
Updated on 21 Nov 2024
Suburb Growth
-3.3%
Current Median Price: $755,000
Previous Median Price: $780,000
Based on 85 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Oct 2024)
Price Range Segments (12 months ending Oct 2024)
Median Weekly Rent Price
House
-
Updated on Sep 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Sep 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 | $550 | 0.0% | $310 | $680 | 17 |
Median Rent Price
$560
per week
Based on 21 recorded rent within the last 12 months
Updated on 21 Nov 2024
Rent Price Growth
+1.8%
Current Median Rent: $560
Previous Median Rent: $550
Based on 55 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.9%
Current Median Price: $755,000
Current Median rent: $560
Based on 61 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Oct 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 |