Suburb Profile Report for Margate QLD (4019)

Margate House: Median price $440,000, Annual capital growth 4.19%, Number of sales 161, Weekly median advertised rent $360

Margate Unit: Median price $385,000, Annual capital growth 3.42%, Number of sales 38, Weekly median advertised rent $350

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Margate, 4019 have given investors a capital gain of 7.32%. This compares favourably with the 2.51% for QLD as a whole.

When looking at the potential capital gains offered to property investors over the last 3 years, Margate comes in at number 193th in QLD.

At number 647th of QLD’s most discounted properties, Margate is in the TOP 30% of the state/territory when listing in order of most discounted to least.

Margate, 4019’s gross rental yield is 4.25%

At number 946th in the list of Australian suburbs ordered by increase in median house value over the last year, Margate, 4019 is in the BOTTOM 50% with a property value increase of 1.58% recorded in median house prices.

Over the longer term, Margate has seen property prices show investors a 10.32% return over the last 3 years. This is worse than over the last 12 months

Vendor discounting in Margate is giving property investors an average Vendor Discount of around -4.55%. This puts suburb at number 240th in QLD when ranking the most discounted suburbs.

Property investors should expect to get $350 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$440,000 $385,000
1.56% -2.22%
7.32% 1.58%
4.19% 3.42%
$360 $350
161 38
4.25% 4.73%
67.08 62.33

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 7007
Median household income ($/weekly) 845
Median age of persons 42
Median housing loan repayment ($/monthly) 1800
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 801 11.4
    25-34 years 791 11.3
    35-44 years 1009 14.4
    45-54 years 979 14.0
    55-64 years 948 13.5
    Others 2479 35.4
    Age Group
    Census Count Percent(%)
    Not Married 2591 49.1
    Registered Married 2161 40.9
    Defacto Relationship 527 10.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 5045 76.9
    Greece 50 0.8
    Papua New Guinea 411 6.3
    United Kingdom 551 8.4
    Other 199 3.0
    Others 305 4.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 98 1.6
    Christianity 4400 70.1
    Islam 17 0.3
    Other Religious Groups 42 0.7
    No Religion 1698 27.1
    Others 21 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 340 12.5
    $400-$599 426 15.6
    $600-$799 317 11.6
    $800-$999 264 9.7
    $1,500-$1,999 300 11.0
    Others 1081 39.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2267 41.9
    Employed, worked full-time 1787 33.0
    Employed, worked part-time 918 17.0
    Unemployed, looking for work 246 4.5
    Employed, away from work 191 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 483 16.7
    Technicians & trades workers 456 15.8
    Community & personal service workers 359 12.4
    Clerical & administrative workers 425 14.7
    Labourers 371 12.8
    Others 797 27.6
    Occupation
    Census Count Percent(%)
    Pre-school 70 5.6
    Infants/Primary 528 42.4
    Secondary 319 25.6
    Technical or Further Educational Institution 140 11.3
    University or other Tertiary Institutions 133 10.7
    Others 54 4.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5294 79.9
    Flat, unit or apartment 1093 16.5
    Semi-detached, row or terrace house, townhouse 224 3.4
    House or flat attached to a shop, office 12 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1364 46.7
    Fully owned 779 26.7
    Being purchased 762 26.1
    Other tenure type 16 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals