Suburb Profile Report for Margate TAS (7054)

Margate House: Median price $520,000, Annual capital growth 3.74%, Number of sales 46, Weekly median advertised rent $450

Margate Unit: Median price $321,250, Annual capital growth 5.91%, Number of sales 14, Weekly median advertised rent $315

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

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 13.04%.

While Margate,7054 ranked number 108th in TAS for increase in median house value (annualised) increase, it is ranked 30th over the last 5 years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Margate, 7054. Typically our figures indicate that -3.73% is being offered, which puts this TAS suburb at 3200th most discounted overall in Australia.

Margate, 7054’s gross rental yield is 4.50%

If you compare the increase in value of investment property in Margate, 7054 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this TAS suburb was 8.90%.

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 -4.04. This rate of discount on properties puts Suburb at number 38th in terms of most discounted suburbs in TAS

Margate is 31th on a list of best yielding suburbs for rents in TAS with a 5.10% return

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
$520,000 $321,250
0.78% 0.39%
13.04% 8.90%
3.74% 5.91%
$450 $315
46 14
4.50% 5.10%
29.19 10.63

Source: CoreLogic

DSR Score for property investment : Very good (H), 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