Cradoc vs Margate
Property investment comparison - Cradoc, TAS 7109 vs Margate, TAS 7054
Head-to-head across core investment metrics: Cradoc wins 2, Margate wins 3. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Cradoc | Margate |
|---|---|---|
| Median house price | $940K | $925K |
| Median unit price | $455K | $595K |
| Gross rental yield (houses) | - | 3.59% |
| Gross rental yield (units) | 4.71% | 4.38% |
| 1-year house growth | +4.9% | +7.3%estimate |
| 3-year house growth | +5.5% | - |
| Vacancy rate | 12.7% | 0.5% |
| Population | 456 | 4,239 |
Cradoc vs Margate: what the numbers say
The median house price is $940K in Cradoc and $925K in Margate, so Margate is the cheaper entry point, with Cradoc houses about 2% dearer.
For units, Cradoc sits at a median of $455K against $595K in Margate, which makes Cradoc the more affordable unit market and Margate the pricier one.
Over the past year house prices moved +4.9% in Cradoc and +7.3% in Margate (an estimate), so recent momentum favours Margate, although both suburbs recorded growth.
Rental vacancy is 0.5% in Margate and 12.7% in Cradoc, so landlords in Margate face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Margate is the bigger suburb, with a population of 4,239 against 456, roughly 9 times the size of Cradoc; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Margate for a lower purchase price, Margate for recent price momentum, Margate for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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