Suburb Profile Report for Margate TAS (7054)

Margate House: Median price $415,000, Annual capital growth 3.46%, Number of sales 65, Weekly median advertised rent $378

Margate Unit: Median price $291,000, Annual capital growth 6.78%, Number of sales 15, Weekly median advertised rent $290

  • 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 6.41%

Margate,7054 has offered an average of 6.41% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in Margate should be aiming for at least -4.65% off the asking price, which is the average vendor discount being achieved at the moment.

The TAS suburb of Margate, 7054 is in the Kingborough local government area.

Over the last year, property investments in Margate, 7054 have given investors a capital gain of -3.04%. This compares badly with the 0.89% for TAS as a whole.

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.48% offered to property buyers. Sellers in Margate itself are offering an average vendor discount of -3.57% to real estate investors.

At number 985 in a list of fastest selling suburbs, Margate is in the bottom 40% of suburbs in Australia with an average of days on market 91 for properties listed there.

Renters in Suburb are facing rents around $3480 per annum or $290 every week.

HOUSE UNIT
$415,000 $291,000
2.22% -1.36%
6.41% -3.04%
3.46% 6.78%
$378 $290
65 15
4.73% 5.18%
55.56 91

Source: CoreLogic

DSR Score for property investment : Above average (U), 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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Recent sales & rentals