Suburb Profile Report for Margate QLD (4019)

Margate House: Median price $433,250, Annual capital growth 4.00%, Number of sales 165, Weekly median advertised rent $360

Margate Unit: Median price $385,000, Annual capital growth 3.52%, Number of sales 40, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Margate has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.98%

Margate,4019 was ranked 2239 in Australia by increase in median property value over the quarter.

The most recent median price for Margate is $433250, with sellers offering an average of -4.85% off the asking price.

With the median price for a house in Margate being $433250 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 4.32%

Margate is an average performer in QLD when comparing median price capital growth over the last year. Margate gave property investors a good capital gain figure when compared to the rest of the state, with 2.67%.

Across a shorter period, Margate, 4019 has seen a median price increase of -0.90% over the last quarter.

The most recent median price for Margate is $385000, with sellers offering an average of -4.71% off the asking price.

Residents and property investors in Margate have been waiting around 69.43 days to sell a property.

Metrics i HOUSE UNIT
$433,250 $385,000
0.76% -0.90%
6.98% 2.67%
4.00% 3.52%
$360 $350
165 40
4.32% 4.73%
66.19 69.43

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
Chart Table
Recent sales & rentals