Margate is a smaller suburb in Tasmania within the Kingborough local government area (postcode 7054). With a population of 4,239, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $98K per year, with an average household size of 2.8 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Irish.

The median house price in Margate is $765,000, having dropped significantly 9.3% over the past year. Units have a median price of $570,000 (+8.6% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,690.

Margate is served by 2 schools, including 2 primary. The average ICSEA score is 1053, which is above the national average of 1,000. Public transport access includes 15 bus stops.

From an investment perspective, Margate offers a gross rental yield of 3.3%, rated as moderate yield. Property prices are near the state median ($765K/$750K). The price-to-income ratio of 7.8x is considered moderate. House prices have moved -9.3% year-on-year.