Price drops in Margate
Listings for sale in Margate, QLD 4019 whose current asking price is a cut from an earlier one, and by how much. Updated daily.
Most recent cut recorded:
Listings reduced
11
22% of 49 live listings
Median cut
4.5%
$50K off the asking price
Days listed before cut
80
median, first listed to latest cut
Cuts, last 30 / 90 days
10 / 11
1 listing has raised instead
Margate price-drop summary
11 listings in Margate (22% of the 49 on the market) are advertised below an earlier asking price. The typical reduction is 4.5%, about $50K. House listings account for 10 of them, with a median cut of 4.8%. Going the other way, 1 listing has raised the asking price.
Cuts by property type
| Type | Listings reduced | Median cut |
|---|---|---|
| House | 10 | 4.8% |
| Apartment | 1 | 1.1% |
Largest current cuts in Margate
By percentage, biggest first. Previous asking is the price immediately before the latest cut.
| Address | Previous asking | Now asking | Cut | Cut on | Property |
|---|---|---|---|---|---|
| 34 Albert Street | $1,150,000 | $999,000 | -13.1% | 2 bed House | |
| 30 Hale Street | $899,000 | $799,000 | -11.1% | 3 bed House | |
| 1B Chatham Street | $999,000 | $899,000 | -10.0% | 3 bed House | |
| 48A Hale Street | $1,199,000 | $1,099,000 | -8.3% | 4 bed House | |
| 4A Joseph Street | $895,000 | $850,000 | -5.0% | 3 bed House | |
| 33 Ewan Street | $1,099,000 | $1,049,000 | -4.5% | 3 bed House | |
| 25 Chartwell Street | $1,199,000 | $1,149,000 | -4.2% | 4 bed House | |
| 31 Pownall Crescent | $949,000 | $919,000 | -3.2% | 3 bed House | |
| 41 Robertson Avenue | $1,650,000 | $1,599,000 | -3.1% | 4 bed House | |
| 42 Keenan Street | $1,299,000 | $1,279,000 | -1.5% | 5 bed House | |
| 12/4-6 Duffield Road | $949,000 | $939,000 | -1.1% | 3 bed Apartment |
Suburb profile
Margate market data
Median prices, rents, growth and vacancy for Margate.
Sold prices
Recent sales in Margate
What buyers actually paid, and how it compared with the asking price.
Australia-wide
All price rises and cuts
The national feed of asking-price changes, filterable by state, type and size of change.
Price drops in Margate: common questions
How many properties in Margate have had a price drop?
11 listings for sale in Margate QLD 4019 are currently advertised below an earlier asking price, 22% of the 49 listings on the market. 10 of those cuts were recorded in the last 30 days and 11 in the last 90.
How much are Margate sellers cutting their prices by?
The median cut is 4.5%, or $50K, measured from the previous advertised asking price to the current one on each listing.
How long are Margate listings on the market before the price drops?
A median of 80 days from when the listing first appeared to its latest price cut, across 11 listings.
What counts as a price drop here?
A listing that is still for sale and whose current advertised asking price was set by a reduction from its previous asking price. Changes that cannot be confirmed as one advertisement repricing, such as several ads sharing one address, are left out.
Showing at most 30 listings. Asking prices are as advertised; a cut is not a sale price.