Suburb Profile Report for Margate TAS (7054)

Margate House: Median price $560,250, Annual capital growth 4.56%, Number of sales 53, Weekly median advertised rent $440

Margate Unit: Median price $321,250, Annual capital growth 5.14%, Number of sales 16, Weekly median advertised rent $323

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property value increases in Margate have tracked higher than the TAS average of 12.21% over the last 12 months.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Margate has increased when compared to the 5 year average annual rate.

Our latest figures would indicate that property sellers in Margate are currently offering property investors an average price cut of -3.85% below the asking price at the moment.

A $440 per week rent on the median house gives suburb investors a gross yield of circa 4.08%, without taking into account capital value appreciation, which has been averaging out at 4.56%.

Margate is an average performer in TAS when comparing median price capital growth over the last year. Margate gave property investors a average capital gain figure when compared to the rest of the state, with 8.90%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Margate has increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Margate should be aiming for at least -2.19% off the asking price, which is the average vendor discount being achieved at the moment.

A $322.5 per week rent on the median house gives suburb investors a gross yield of circa 5.22%, without taking into account capital value appreciation, which has been averaging out at 5.14%.

Information supplied by:


July 2017

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This suburb has logged significant 10% growth in the housing market over the past 12 months leading up to April 2017.Full summary

Small town offers affordable community living
Median house price: $432,500
Three-year growth: 14.27%
Rental yield: 4.57%

A 25-minute drive from Hobart past Blackmans Bay will take you to the seaside haven of Margate, which has logged significant 10% growth in the house market over the past 12 months leading up to April 2017.

The median house price is comfortably under $450,000, making it an excellent bargain considering it is less than 30 minutes from the capital. Considerable development over the past couple of decades has contributed to Margate’s rise, with shops and cafes serving the community. The suburb is also home to Margate Primary School, a health and recreation centre with a pool, as well as Dru Point Bicentennial Park, which is on the banks of North-west Bay. 

Bus route 415 travels from Margate Central to Hobart daily.


 Close
Metrics i HOUSE UNIT
$560,250 $321,250
8.79% 2.39%
28.79% 8.90%
4.56% 5.14%
$440 $323
53 16
4.08% 5.22%
32.55 11.84

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
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
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Recent sales & rentals