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Margate
AREA REPORTS

Margate

Margate - SUBURB PROFILE REPORT
POSTAL CODE: QLD, 4019

house
unit

Property investors enjoyed capital gains of 21.52% over the last 12 months in MARGATE, translating to lower returns compared with its peers in QLD.

Figures from the previous quarter show that capital gains for real estate buyers in MARGATE are low, as opposed to average gains per annum over the past five years.

The suburb posted a 24.5% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $425 based on current median home prices for the suburb.

On average, rents on listings have reached the $425 mark, reflecting a 3.95% increase in returns based on the current median price in MARGATE.

MARGATE, 4019 ranks 196th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 520th on the list of best yielding suburbs for rental properties in QLD, posting a 3.95% return.

Data report can be found below

Margate
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $559,000 $480,000
GROWTH REPORT
Median Quarterly 6.37% 1.59%
Median 12 month 21.52% 24.68%
Median 3 years 24.5% 18.81%
Median 5 years 39.75% 24.68%
10 years average annual 4.79% 3.53%
Weekly media advert. rent $425 $320
Time on Market 39.9 days 92.9 days
Gross Rental Yield Percent 3.95% 3.47%
demographics (median values)*
Total Population
6563
Weekly Household Income
649.9
Household Size
2.20
Age
42
Monthly Loan Repayment
1200
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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