Question 1

Is Margate a nice place to live?

Accepted Answer

Margate is a delightful suburb that offers a serene and picturesque environment, making it a wonderful place to call home. Nestled in the Kingborough region, Margate is known for its peaceful vibe and stunning natural surroundings, which include the scenic North West Bay and lush greenery. The suburb exudes a relaxed, rural charm while still providing the convenience of being just a short drive from Hobart. This balance of tranquility and accessibility makes Margate particularly appealing to families who appreciate both the beauty of nature and the proximity to urban amenities.

The community in Margate is warm and welcoming, with a strong sense of togetherness that is evident in the local schools, shops, and cafes. Families will find the suburb well-suited to their needs, with educational facilities like Margate Primary School and nearby independent schools offering quality education options. The suburb's small but growing commercial strip, along with its proximity to larger retail and medical facilities in Kingston, ensures that residents have access to essential services without sacrificing the peaceful, small-town feel that Margate is known for.

While Margate offers a fantastic lifestyle, there are a few trade-offs to consider. The suburb's semi-rural setting means that public transport options are limited, and walkability is not as high as in more urban areas. However, the strong commuter links to Kingston and Hobart via the Channel Highway and Southern Outlet make driving a convenient option for those working in the city. Safety is generally not a concern, and the suburb's natural beauty provides ample opportunities for outdoor activities, such as coastal recreation and bushland exploration.

Overall, Margate is a charming and peaceful suburb that offers a high quality of life for families and nature lovers alike. Its combination of natural beauty, community spirit, and accessibility to city amenities makes it a desirable place to live, despite the trade-offs of limited public transport and walkability. For those seeking a nurturing environment to raise children or simply enjoy a balanced lifestyle, Margate is a truly lovely choice.

Question 2

Is it expensive to live in Margate?

Accepted Answer

Living in Margate can be considered somewhat expensive, especially when you look at the housing market. The median house price in Margate is $913,000, which is quite significant. If you're thinking of renting, the average rent for houses is around $590 per week. Unfortunately, there are no current figures for unit prices, but the average rent for units is about $490 per week.

When you compare these costs to the average wage in Margate, which is approximately $92,000 per year, you can see that a significant portion of an individual's income might go towards housing expenses. The median total household income in Margate is $1,886 per week, which is relatively healthy, but the cost of buying or renting property still represents a substantial financial commitment.

Overall, while Margate offers a charming lifestyle with its scenic surroundings and community feel, the housing costs are on the higher side. If you're considering living in Margate, it's essential to evaluate whether your financial situation can comfortably accommodate these expenses.

Question 3

Is Margate a good place to invest?

Accepted Answer

Margate is shaping up to be a promising spot for property investment, especially if you're eyeing houses. Over the past year, the median house value in Margate has jumped by an impressive 9.4%, indicating strong demand and potential for capital growth. This kind of increase suggests that the suburb is gaining popularity, possibly due to its appealing lifestyle or proximity to key amenities. While the median unit value hasn't changed, the steady rental growth for both houses and units shows that there's a consistent demand for rental properties, which is a good sign for investors looking for rental income.

Houses in Margate seem to be the standout option for those considering an investment here. With a 5.4% increase in rent for houses, there's a clear opportunity for a solid return on investment through rental income. The suburb's stable rental market for units, with a 3.2% increase, also indicates a reliable tenant base. While units haven't seen the same capital growth as houses, they still offer a steady rental return, which can be attractive for investors seeking consistent income. Overall, Margate presents a balanced investment opportunity with its strong house market and stable rental demand.

	Houses	Units
Median price Past 3 months	$926K	N/A
Change in value Past 12 months	10.0%	N/A
Sold Past 3 months	23	7
Median days on market Past 12 months	20	33
Average rent Past 12 months	$595	$490
Change in rent Past 12 months	6.3%	4.7%

Get a property report and suburb profile for any property in Margate

Margate suburb profile

Margate property market performance

5 year median price trend for houses and units

Margate demographics

Suburbs near Margate

How does Margate compare to nearby suburbs?

Choose the right real estate agents in Margate

Get a head start and compare top local agents in Margate

Not quite ready to sell?

Suburb and property report

Digital estimate for your property

Navigate the market