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Margate, TAS 7054

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Margate, TAS 7054 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Margate, TAS 7054”

  1. The total adult population (15 years or older) of Margate 7054 TAS is 3,286, with a median age of 37. Of those, 54.26% are married, 11.59% are divorced or separated, 30.83% are single and 3.20% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $8,536. The median monthly mortgage repayment for households in this suburb is $1,690 which is 19.80% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Margate, with the postal code of 7054, is located in Tasmania and is home to a total of 1,716 households. As we enter the third quarter of 2023, we observe that the typical prices for houses in this suburb are valued at around $828,998. Concurrently, the median weekly rent stands at $543, which equates to an indicative yield of 3.41%, making this area relatively attractive to investors focused on cash flow.

    Moving on to socioeconomic standing, Margate’s IRSAD score reflects a solid position with a score of 1,024 out of 1,217. This helps indicate reliable access to economic resources and higher income levels. Furthermore, Margate boasts a promising owner-occupier market, evidenced by the low renter to owner ratio of 16%. This suggests a stable, owner-dominated area with less competition among property investors compared to renter-saturated suburbs.

    Margate is primarily a housing market, rather than a unit market. The units to houses ratio standing at 14% affirms this and may contribute to lengthier tenancies, given the well-documented preference of Australian families for houses over units.

    Taking the affordability index into account, it would take 38 years to own a house under standard conditions in the Margate suburb. Though above-average, the strong socio-economic fundamentals of the population may mitigate some of these affordability challenges.

    Indications of supply in the Margate property market are favourable. The stock on market percentage is low at 0.27% coupled with an inventory level of 1.2 months, indicating a tight, well-absorbed market. The building approvals ratio at 0.47% remains well below the 2% threshold, thereby providing reassurance about the limited pipeline of new housing stock that could dilute demand.

    The average time houses spent on market before getting sold (Days on Market) is 39 days which is slightly above the preferred range, but overall still indicates reasonable demand. Similarly, the vacancy rate is 3.37%, a neutral value indicating a healthy balance between demand and available properties.

    However, the buy search index score of 3 suggests a somewhat subdued buyer interest compared to the state average. This might warrant a closer look at the buyer sentiment in the area.

    As with any property market analysis, it’s important to monitor these metrics regularly and look for emerging trends to make well-informed property investment choices. This is where the Relative Composite Score, developed by HtAG Analytics, comes in handy, offering a comprehensive synthesis of over 80 metrics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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