Margate

POSTAL CODE: TAS, 7054
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Homeowners and real estate investors betting on MARGATE, 7054 can rest assured about this TAS suburb's performance. The suburb saw median home prices rise by 11.76%.

A steady increase in median property prices over a five-year period in the suburb translates to a 3.01% capital gain.

Property investors in MARGATE enjoyed capital gains of 11.76% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $855,000.

Profits due to an upward trend in home prices there averaged 1% per annum over a 3-year period.

Home owners selling their properties and realtors in MARGATE usually have to wait an average of 48.3 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $590 mark, reflecting a 3.59% increase in returns based on the current median price in MARGATE.

MARGATE, 7054 places th in Australia based on median property value growth during the quarter.

Surburb overview

Margate, with the postcode 7054, is a charming coastal suburb located approximately 20 kilometres south of Hobart in Tasmania. Nestled along the shores of North West Bay, Margate is known for its scenic beauty, relaxed lifestyle, and strong sense of community. The population of Margate is around 3,000 residents, comprising a mix of families, professionals, and retirees.

Margate falls under the jurisdiction of the Kingborough Council, which ensures well-maintained infrastructure and community services. Public transportation is well-served by Metro Tasmania buses, providing regular services to Hobart and surrounding areas. The suburb is also easily accessible by car via the Channel Highway, facilitating straightforward travel to Hobart and other nearby towns.

Educational facilities in Margate include Margate Primary School, catering to the educational needs of young children. For secondary education, students typically attend nearby schools such as Kingston High School and Woodbridge School. For higher education, residents have access to institutions in Hobart, such as the University of Tasmania and various vocational training centres.

Margate offers a variety of local shops, supermarkets, cafes, and dining options within the suburb. The Channel Court Shopping Centre in nearby Kingston provides additional retail stores, supermarkets, and entertainment facilities, ensuring residents have convenient access to everyday needs and more extensive shopping experiences.

Dru Point Bicentennial Park is a popular local spot featuring walking trails, picnic areas, playgrounds, and a boat ramp, making it ideal for family outings and outdoor activities. The nearby Margate Train Park, home to the historic Tasmanian Steam Train, is another attraction that offers a unique experience for visitors.

The suburb’s location along North West Bay provides excellent opportunities for water-based activities such as boating, fishing, and kayaking. The picturesque waterfront and nearby marinas contribute to Margate’s appeal as a desirable location for both residents and visitors.

Residents of Margate benefit from its proximity to Hobart, allowing easy access to the city’s cultural and recreational attractions, including the Royal Tasmanian Botanical Gardens, the Tasmanian Museum and Art Gallery, and the bustling Salamanca Market. The suburb's strategic location also makes it a convenient base for exploring the natural beauty of the surrounding region, including the Huon Valley and Bruny Island.

Healthcare services in Margate are well-developed, with several medical clinics and specialists available within the suburb and nearby areas. The suburb’s proximity to the Kingborough Medical Centre and other healthcare facilities in Kingston ensures residents have access to comprehensive medical care.

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