Suburb Profile Report for Margate TAS (7054)

Margate House: Median price $390,000, Annual capital growth 3.16%, Number of sales 70, Weekly median advertised rent $375

Margate Unit: Median price $290,000, Annual capital growth 1.44%, Number of sales 14, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

TAS has seen average median house prices change by 3.12% which means that Margate, 7054 has done well for property investors by showing a capital gain of 0.00% over the last year

Taking the average capital gain, or increase in median house value, Margate,7054 has racked up an average of 0.00% over the period. This ranks it number 3076th in the whole country for real estate investors looking at median house price increases.

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.01% offered to property buyers. Sellers in Margate itself are offering an average vendor discount of -4.73% to real estate investors.

In the last year 70 properties changed hands in Margate, which puts it as the 28th most active market in TAS when comparing the number of sales per suburb.

With the median price for a house in Margate being $390000 and the advertised rent reaching $375 the gross rental yield for property investors calculates out to be 5.00%

Margate, 7054 ranked 39th in TAS when comparing growth in median property values or capital gain over the last 12 months. Margate is one of 606 in our list for TAS

The five-year average increase in median property values for Margate,7054 has given property investors a potential capital gain of 3.94% across each of those five years.

Vendor discounting in Margate is giving property investors an average Vendor Discount of around -3.11%. This puts suburb at number 42th in TAS when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Margate the average time real estate has been on the market is 94.78 days.

Property investors should expect to get $300 weekly from the median priced house in this suburb.

HOUSE UNIT
$390,000 $290,000
-0.26% -5.54%
0.00% -3.33%
3.16% 1.44%
$375 $300
70 14
5.00% 5.38%
59.16 94.78

Source: CoreLogic

DSR Score for property investment : Good (U), Very good (H)
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Demographics
Total population 3624
Median household income ($/weekly) 1376
Median age of persons 36
Median housing loan repayment ($/monthly) 1600
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 634 17.5
    25-34 years 421 11.6
    35-44 years 560 15.5
    45-54 years 522 14.4
    55-64 years 422 11.6
    Others 1065 29.4
    Age Group
    Census Count Percent(%)
    Registered Married 1469 59.0
    Not Married 722 29.0
    Defacto Relationship 299 12.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 3039 86.5
    Greece 22 0.6
    Papua New Guinea 43 1.2
    United Kingdom 236 6.7
    Other 44 1.3
    Others 128 3.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 15 0.4
    Christianity 2060 61.7
    Islam 7 0.2
    Other Religious Groups 11 0.3
    No Religion 1238 37.1
    Others 6 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 103 9.2
    $600-$799 112 10.0
    $800-$999 109 9.7
    $1,500-$1,999 188 16.8
    $2,000-$2,499 158 14.1
    Others 452 40.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 991 38.1
    Not in the labour force 797 30.7
    Employed, worked part-time 625 24.1
    Employed, away from work 125 4.8
    Unemployed, looking for work 60 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 225 12.9
    Professionals 372 21.4
    Technicians & trades workers 262 15.1
    Community & personal service workers 194 11.1
    Clerical & administrative workers 240 13.8
    Others 447 25.7
    Occupation
    Census Count Percent(%)
    Pre-school 42 4.3
    Infants/Primary 498 51.5
    Secondary 221 22.9
    Technical or Further Educational Institution 71 7.3
    University or other Tertiary Institutions 114 11.8
    Others 21 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3341 97.0
    Semi-detached, row or terrace house, townhouse 53 1.5
    Flat, unit or apartment 38 1.1
    Caravan, cabin, houseboat 9 0.3
    Improvised home, tent, sleepers out 4 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 600 49.5
    Fully owned 422 34.8
    Rented 191 15.7
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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