Question 1

Is Margate a nice place to live?

Accepted Answer

Margate is a coastal, village-style suburb on Hobart’s southern fringe. Life centres on a compact shopping strip with cafés and local services, and the housing is a mix of older weatherboard cottages and more recent family homes. Pockets of shoreline and nearby bushland give easy access to coastal walks and outdoor recreation, while good road links make it straightforward to reach Hobart or other Channel towns. The established Margate–Snug shared path is a local active-transport route.

With 4,239 residents and a median age of 37, Margate is weighted towards families and owner-occupiers, and household incomes sit around a median of $1,886 a week. A council-led Margate Main Street Masterplan is guiding upgrades — including safer crossings and links to a proposed off-road shared pathway — and recent works include a sewer renewal, a public EV charger and accessibility improvements at Margate Hall. That combination tends to suit people after a waterside base with everyday shops and local transport close at hand; whether it suits you depends on what you value in a suburb.

Question 2

Is it expensive to live in Margate?

Accepted Answer

Buying a house in Margate sits well above local incomes as recorded at the most recent Census. A median house price of $925,000 is about 9.4 times a typical local household's annual income at the last Census (weekly household income $1,886 × 52 = $98,072), which places buying at a high multiple of those incomes.

Renting looks less stretched. The average house rent of $608 a week would take roughly 32.2% of a typical local household's weekly income at the last Census, a sizeable share, while unit rent of $490 a week would take about 26.0%, a moderate share. On these figures buying a house is markedly more stretched against local incomes than renting; whether that feels expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Margate a good place to invest?

Accepted Answer

House values in Margate climbed 10.6% over the past year, a strong rise in what houses are worth. Over the same period, house rents rose 7.6% and unit rents rose 6.5%, both solid increases in rental income. Overall, house price growth outpaced rent growth this year, so the house side showed stronger capital growth than rental gains; whether that balance suits your goals depends on your circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$925K	N/A
Change in value Past 12 months	10.6%	N/A
Sold Past 3 months	18	4
Median days on market Past 12 months	17	17
Average rent Past 12 months	$608	$490
Change in rent Past 12 months	7.6%	6.5%

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