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Investment Property Margate, QLD, 4019

Suburb Snapshot

Margate is a suburb in the Moreton Bay Region of Queensland. Margate has a population of 7,405 people and 38.20% of its occupants live in rental accommodation. The median listing price for houses is $900,000 and this has changed 12.50% over the past year and changed 17.95% over 2 years.

The median rent in Margate for houses is $575 per week and the median rental yield is 3.32%. Stock on the market for houses/townhouses has changed -13.21% compared to last year and the average time to sell a house/townhouse is 74 days.The median listing price for units is $795,000 and this has changed 22.49% over the past year. The average unit takes 178 days to sell and the median rent for a unit in Margate is $450 per week, producing a rental yield of 2.94%.

Supply & Demand in Margate, Moreton Bay

0.71%

Current vacancy rate


29

Rental stock available


7,405

Population


38.20%

Rental population


0.83%

Current vacancy rate


1,752

Rental stock available


425,303

Population


28.79%

Rental population


0.87%

Current vacancy rate


20,766

Rental stock available


4,703,187

Population


29.39%

Rental population


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Statistical data for Margate, Moreton Bay

  House Townhouses Units
Median listing price $900,000 NA $795,000
Median price change - last quarter 4.04% NA 7.14%
Median price change - 1 year 12.50% NA 22.49%
Median price change - 2 years 17.95% NA 17.42%
  House Townhouses Units
Median weekly rent $575 NA $450
Median yield % 3.32% NA 2.94%
Median rent change - 1 year 6.48% NA 7.14%
  House Units
Previous month sales 7 4
Stock on market previous month 46 15
Stock variance vs. last year -13.21% -28.57%
Average days on market 74 178

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