Margate Suburb Profile

Tasmania 7054

Margate has 1,812 properties. Over the last 5 years, Houses in Margate have seen a 41.26% increase in median value, while Units have seen a 44.31% increase. As at 30 November 2024:

• The median value for Houses in Margate is $793,363 while the median value for Units is $535,063.
• Houses have a median rent of $560 while Units have a median rent of $468.

The size of Margate is approximately 41.9 square kilometres. It has 9 parks covering nearly 5.7% of total area. The population of Margate in 2011 was 3,624 people. By 2016 the population was 3,945 showing a population growth of 8.9% in the area during that time. The predominant age group in Margate is 0-9 years. Households in Margate are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Margate work in a professional occupation. In 2011, 83.3% of the homes in Margate were owner-occupied compared with 81.6% in 2016.