Suburb Profile Report for Margate TAS (7054)

Margate House: Median price $400,000, Annual capital growth 3.64%, Number of sales 69, Weekly median advertised rent $380

Margate Unit: Median price $290,000, Annual capital growth 1.43%, Number of sales 11, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Margate, 7054 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this TAS suburb was 2.96%.

Across a shorter period, Margate, 7054 has seen a median price increase of 2.43% over the last quarter.

Property buyers and investors in Margate 7054 should be seeing an average reduction in asking price of around -4.50% . This means that Margate is holding prices well when compared to other suburbs in TAS.

In the last year 69 properties changed hands in Margate, which puts it as the 27th most active market in TAS when comparing the number of sales per suburb.

Advertised rents are around the $380 mark per week – giving a return of 4.94% based on the median price in Suburb

At number 1341th in the list of Australian suburbs ordered by increase in median house value over the last year, Margate, 7054 is in the BOTTOM 30% with a property value increase of -3.33% recorded in median house prices.

While Margate,7054 ranked number 47th in TAS for increase in median house value (annualised) increase, it is ranked 19th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Margate is offering property investors an average of -5.46. This rate of discount on properties puts Suburb at number 36th in terms of most discounted suburbs in TAS

Advertised rents are around the $300 mark per week – giving a return of 5.38% based on the median price in Suburb

HOUSE UNIT
$400,000 $290,000
2.43% -6.07%
2.96% -3.33%
3.64% 1.43%
$380 $300
69 11
4.94% 5.38%
62 93.41

Source: CoreLogic

DSR Score for property investment : Good (U), Very good (H)
Find a mortgage broker in Margate TAS
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
Chart Table
Recent sales & rentals