Suburb Profile Report for Margate QLD (4019)

Margate House: Median price $440,000, Annual capital growth 4.19%, Number of sales 165, Weekly median advertised rent $360

Margate Unit: Median price $375,000, Annual capital growth 2.63%, Number of sales 39, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a a stable capital gain of 8.11% for the last year, Margate, 4019 is the 1584th highest performer in Australia in this respect.

Over the longer term, Margate has seen property prices show investors a 19.48% 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 -4.91%. This puts suburb at number 633th in QLD when ranking the most discounted suburbs.

Advertised rents are around the $360 mark per week – giving a return of 4.25% based on the median price in Suburb

Property investors who have had real estate in Margate, 4019 should be relatively unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -2.60%

Margate,4019 was ranked 1389 in Australia by increase in median property value over the quarter.

The most recent median price for Margate is $375000, with sellers offering an average of -5.00% off the asking price.

In the last year 39 properties changed hands in Margate, which puts it as the 197th most active market in QLD when comparing the number of sales per suburb.

A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.85%, without taking into account capital value appreciation, which has been averaging out at 2.63%.

Metrics i HOUSE UNIT
$440,000 $375,000
2.33% -2.60%
8.11% -2.60%
4.19% 2.63%
$360 $350
165 39
4.25% 4.85%
65.41 67.76

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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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