Margate is a mid-sized suburb in Queensland within the Moreton Bay local government area (postcode 4019). With a population of 7,575, the suburb has a mature demographic with a median age of 46. Households earn a median income of $64K per year, with an average household size of 2.2 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Margate is $823,000, having surged 12.7% over the past year. Units have a median price of $670,000 (+17% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,733.
Margate is served by 1 school, including 1 primary. The average ICSEA score is 974, which is around the national average of 1,000. Public transport access includes 26 bus stops. The crime rate in the Moreton Bay LGA is moderate at 4,652 incidents per 100,000 population.
From an investment perspective, Margate offers a gross rental yield of 3.7%, rated as moderate yield. Property prices are near the state median ($823K/$1.1M). The price-to-income ratio of 12.8x is considered stretched. House prices have moved +12.7% year-on-year.
Margate is a mid-sized suburb in Queensland within the Moreton Bay local government area (postcode 4019). With a population of 7,575, the suburb has a mature demographic with a median age of 46. Households earn a median income of $64K per year, with an average household size of 2.2 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Margate is $823,000, having surged 12.7% over the past year. Units have a median price of $670,000 (+17% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,733.
Margate is served by 1 school, including 1 primary. The average ICSEA score is 974, which is around the national average of 1,000. Public transport access includes 26 bus stops. The crime rate in the Moreton Bay LGA is moderate at 4,652 incidents per 100,000 population.
From an investment perspective, Margate offers a gross rental yield of 3.7%, rated as moderate yield. Property prices are near the state median ($823K/$1.1M). The price-to-income ratio of 12.8x is considered stretched. House prices have moved +12.7% year-on-year.