Suburb Profile Report for Margate TAS (7054)

Margate House: Median price $530,000, Annual capital growth 5.11%, Number of sales 75, Weekly median advertised rent $465

Margate Unit: Median price $350,500, Annual capital growth 3.80%, Number of sales 19, Weekly median advertised rent N/A

  • 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.

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  • House Report
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With a capital gain of -7.02% for the last 12 months, Margate, 7054 has performed for property investments than its average annual 5.11% property growth over the last 5 years.

Comparing Margate,7054 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

LACK OF BUYER INTEREST may well be the reason that Margate is offering property investors an average of -5.70. This rate of discount on properties puts Suburb at number 24th in terms of most discounted suburbs in TAS

Renters in Suburb are facing rents around $24180 per annum or $465 every week.

Margate, 7054 ranked 32th in TAS when comparing growth in median property values or capital gain over the last 12 months. Margate is one of 606 in our list for TAS

Comparing Margate,7054 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Information supplied by:


July 2017

M
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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.


 
Metrics i HOUSE UNIT
$530,000 $350,500
-5.61% 1.33%
-7.02% 4.78%
5.11% 3.80%
$465 N/A
75 19
4.56% N/A
59.8666666666667 27.9375

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 : 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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