Lewisham vs Margate
Property investment comparison - Lewisham, TAS 7173 vs Margate, TAS 7054
Head-to-head across core investment metrics: Lewisham wins 1, Margate wins 4. 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 | Lewisham | Margate |
|---|---|---|
| Median house price | $935K | $925K |
| Median unit price | $620K | $595K |
| Gross rental yield (houses) | - | 3.59% |
| Gross rental yield (units) | 2.47% | 4.38% |
| 1-year house growth | +14.6%estimate | +7.3%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 4.7% | 0.5% |
| Population | 799 | 4,239 |
Lewisham vs Margate: what the numbers say
The median house price is $935K in Lewisham and $925K in Margate, so Margate is the cheaper entry point, with Lewisham houses about 1% dearer.
For units, Lewisham sits at a median of $620K against $595K in Margate, which makes Margate the more affordable unit market and Lewisham the pricier one.
Over the past year house prices moved +14.6% in Lewisham (an estimate) and +7.3% in Margate (an estimate), so recent momentum favours Lewisham, although both suburbs recorded growth.
Rental vacancy is 0.5% in Margate and 4.7% in Lewisham, 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 799, roughly 5 times the size of Lewisham; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Margate for a lower purchase price, Lewisham 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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