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Margate vs Norwood — which is best for rental demand?

Same eight metrics, scored against the same benchmark, ranked against a $1.00Mbudget. Look for where one suburb is materially ahead — that's the dimension that should sway your call.

  1. Margate

    TAS · 7054
    47Average
    Median
    $695k
    5y growth
    6.8%/yr
    BalancedStable entry point

  2. Norwood

    TAS · 7250
    44Below trend
    Median
    $595k
    5y growth
    6.2%/yr
    BalancedStable entry · room to scale

Metric breakdown

Each row scores 0–100 against a fixed benchmark. The leader on each row is highlighted.

Metric · weight
Margate
Norwood
Capital growth (5y)
weight 22%
686.8%/yr
626.2%/yr
Rental yield
weight 13%
603.0%
562.8%
Rental demand
weight 10%
681.3%
551.8%
Population growth
weight 12%
313.1%
313.1%
Income growth
weight 12%
5213.0%
5213.0%
Construction pipeline
weight 15%
0–
0–
Affordability
weight 8%
3131% under cap
4141% under cap
Supply tightening
weight 8%
70-4.0% YoY
60-2.0% YoY

Winner per dimension

Where each suburb leads the field, with the count of dimensions won.

  1. Margate

    4/8
    • Capital growth (5y)
    • Rental yield
    • Rental demand
    • Supply tightening

  2. Norwood

    1/8
    • Affordability

Why Margate

Stable entry point

listings tightening 4.0% YoY, 6.8%/yr capital growth.

Drivers
  • Supply tightening-4.0% YoY
  • Capital growth6.8%/yr
  • Tight rentals1.3%
Risks
  • No major construction project in this state

Construction ·Royal Hobart Hospital — Stage 317.2 kmConstruction · 2026

Why Norwood

Stable entry · room to scale

6.2%/yr capital growth, 2.8% gross yield.

Drivers
  • Capital growth6.2%/yr
  • Supply tightening-2.0% YoY
Risks
  • No major construction project in this state

Construction ·UTAS Launceston Inveresk Campus4.8 kmRecently completed · 2024