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Margate
TAS, 7054 - Kingborough

Thinking about buying in Margate? Now could not be a better time, with 1922 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $543,000 with prices in this suburb ranging from $15,000 to $2,617,000. Margate is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Household Makeup

Median Weekly Rent $394.00
Median Monthly Mortgage $1533.20
Median Persons Per Bedroom 0.84
Average Household Size 2.80
Average Age 35.20
Average Income $836.80
Average Cars Per Dwelling 1.85
Average Properties Within 50M 6

Housing Stock

Average Property Prices

1 Bed  $403,000
2 Bed  $334,000
3 Bed  $518,000
4 Bed  $647,000
5 Bed  $794,000
6 Bed+$638,000

Margate Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Margate driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Margate ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Margate classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Margate requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Houses for sale Margate

Elders 7 BEACH RD, MARGATE, TAS, 7054 Beds3 Bathrooms2 Parking 3 Offers Over $740,000
Elders 33A DAYSPRING DR, MARGATE, TAS, 7054 Beds3 Bathrooms2 Parking 2 Offers Over $655,000
Elders 11 TAPLAN CT, MARGATE, TAS, 7054 Beds4 Bathrooms2 Parking 2 Offers Over $875,000
Harcourts 47 BEACH RD, MARGATE, TAS, 7054 Beds3 Bathrooms1 Parking 1 Expressions of Interest Over $1,100,000
Harcourts 102 VAN MOREY RD, MARGATE, TAS, 7054 Beds3 Bathrooms2 Parking 2 Offers Over $795,000
LJ Hooker 8 LOTUS CT, MARGATE, TAS, 7054 Beds3 Bathrooms1 Parking 5 Please Call
LJ Hooker 371 NIERINNA RD, MARGATE, TAS, 7054 Beds5 Bathrooms2 Parking 6 Offers Over $1.69 Million

Local Schools

Margate Primary School

Channel Christian School

Tarremah Steiner School

St Aloysius Catholic College

Snug Primary School

(While the above schools are located with the suburb of Margate there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Margate weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan1.113.222.346.983.74.822.5
Feb1.013.121.350.684.74.418.2
Mar1.512.220.153.485.54.113.1
Apr1.110.417.654.485.84.09.0
May1.38.51558.886.74.06.0
Jun1.87.213.264.888.33.64.9
Jul1.36.312.660.986.44.26.1
Aug1.86.113.259.586.248.7
Sept1.27.615.15384.54.712.7
Oct1.28.817.251.484.54.817.6
Nov1.410.218.451.286.34.619.9
Dec1.61220.450.084.04.822.8

source: Australian Government Bureau of Meteorology


Internet Speed

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Nearby Suburbs

BarrettaAllens RivuletElectronaHowdenSnugKaootaHuntingfieldSandflyLeslie ValeLower Snug

Public Transport


General Points of Interest

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