Suburb Profile Report for Margate TAS (7054)

Margate House: Median price $435,000, Annual capital growth 3.04%, Number of sales 66, Weekly median advertised rent $380

Margate Unit: Median price $291,000, Annual capital growth 6.27%, Number of sales 18, Weekly median advertised rent $310

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

Source: CoreLogic

  • House Report
  • Unit Report

Margate has had a pretty good year for property investment returns compared to the rest of TAS, giving investors a capital gain of 12.26% to date .

Taking the average capital gain, or increase in median house value, Margate,7054 has racked up an average of 12.26% over the period. This ranks it number 2264th in the whole country for real estate investors looking at median house price increases.

Sellers are offering property buyers an average discount of -4.86% to buyers in Margate at the moment, which is less than average for the rest of TAS.

A $380 per week rent on the median house gives suburb investors a gross yield of circa 4.54%, without taking into account capital value appreciation, which has been averaging out at 3.04%.

Margate is in the bottom 30% in TAS when comparing median price capital growth over the last year. Margate gave property investors a disappointing capital gain figure when compared to the rest of the state, with -3.84%.

LACK OF BUYER INTEREST may well be the reason that Margate is offering property investors an average of -5.25. This rate of discount on properties puts Suburb at number 46th in terms of most discounted suburbs in TAS

At number 622 in a list of fastest selling suburbs, Margate is just in the top half of suburbs in Australia with an average of days on market 70.4 for properties listed there.

A $310 per week rent on the median house gives suburb investors a gross yield of circa 5.54%, without taking into account capital value appreciation, which has been averaging out at 6.27%.

Metrics i HOUSE UNIT
$435,000 $291,000
5.45% N/A
12.26% -3.84%
3.04% 6.27%
$380 $310
66 18
4.54% 5.54%
61.13 70.4

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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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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