Suburb Profile Report for Margate QLD (4019)

Margate House: Median price $455,000, Annual capital growth 2.94%, Number of sales 114, Weekly median advertised rent $385

Margate Unit: Median price $427,500, Annual capital growth 1.51%, Number of sales 35, Weekly median advertised rent $315

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Property investors who have had real estate in Margate, 4019 should be relatively pleased with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 2.02%

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.

At number 411th of QLD’s most discounted properties, Margate is in the middle of the state/territory when listing in order of most discounted to least.

At number 1550 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 72.7573 for properties listed there.

Advertised rents are around the $385 mark per week – giving a return of 4.40% based on the median price in Suburb

QLD has seen average median house prices change by -0.57% which means that Margate, 4019 has not done well for property investors by showing a capital gain of 4.91% over the last year

Margate,4019 was ranked 277 in Australia by increase in median property value over the quarter.

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.43% offered to property buyers. Sellers in Margate itself are offering an average vendor discount of -6.93% to real estate investors.

In the last year 35 properties changed hands in Margate, which puts it as the 151th most active market in QLD when comparing the number of sales per suburb.

Metrics i HOUSE UNIT
$455,000 $427,500
-0.22% 3.39%
2.02% 4.91%
2.94% 1.51%
$385 $315
114 35
4.40% 3.83%
72.7572815533981 81.8076923076923

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Balanced (U)
Find a mortgage broker in Margate QLD
Demographics
Total population 7007
Median household income ($/weekly) 845
Median age of persons 42
Median housing loan repayment ($/monthly) 1800
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 801 11.4
    25-34 years 791 11.3
    35-44 years 1009 14.4
    45-54 years 979 14.0
    55-64 years 948 13.5
    Others 2479 35.4
    Age Group
    Census Count Percent(%)
    Not Married 2591 49.1
    Registered Married 2161 40.9
    Defacto Relationship 527 10.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 5045 76.9
    Greece 50 0.8
    Papua New Guinea 411 6.3
    United Kingdom 551 8.4
    Other 199 3.0
    Others 305 4.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 98 1.6
    Christianity 4400 70.1
    Islam 17 0.3
    Other Religious Groups 42 0.7
    No Religion 1698 27.1
    Others 21 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 340 12.5
    $400-$599 426 15.6
    $600-$799 317 11.6
    $800-$999 264 9.7
    $1,500-$1,999 300 11.0
    Others 1081 39.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2267 41.9
    Employed, worked full-time 1787 33.0
    Employed, worked part-time 918 17.0
    Unemployed, looking for work 246 4.5
    Employed, away from work 191 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 483 16.7
    Technicians & trades workers 456 15.8
    Community & personal service workers 359 12.4
    Clerical & administrative workers 425 14.7
    Labourers 371 12.8
    Others 797 27.6
    Occupation
    Census Count Percent(%)
    Pre-school 70 5.6
    Infants/Primary 528 42.4
    Secondary 319 25.6
    Technical or Further Educational Institution 140 11.3
    University or other Tertiary Institutions 133 10.7
    Others 54 4.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5294 79.9
    Flat, unit or apartment 1093 16.5
    Semi-detached, row or terrace house, townhouse 224 3.4
    House or flat attached to a shop, office 12 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1364 46.7
    Fully owned 779 26.7
    Being purchased 762 26.1
    Other tenure type 16 0.5
    Tenure Type
Census 2011, ABS
Chart Table