Moreton Bay – Redcliffe Peninsula – Suburb Report: Margate, QLD
November 20, 2024 | Investment
Date Prepared: 18th November 2024
Sources: Attached PDF (Pricefinder), ABS, Landchecker, Your Investment Property Magazine, Walkscore, TMR Queensland, Domain, and Google (for parks).
Overview
Margate, located in the Moreton Bay region, is a coastal suburb known for its charming beaches, family-friendly environment, and vibrant community. With its mix of residential and holiday properties, Margate is a popular destination for families and retirees alike.
Demographics
- Population: Approximately 7,400 (2021 Census, ABS).
- Median Age: 41 years, reflecting a balanced mix of families, professionals, and retirees.
- Dwelling Type: Predominantly standalone houses, with a growing number of units and townhouses.
- Ownership: High ownership rates, indicative of a stable and established community.
Property Market (2024)
Houses
- Median Sale Price: $850,000 (+13.9% annual growth).
- Median Weekly Rent: $600.
- Rental Yield: 3.7%.
- Sales Volume: 115 house sales in the past 12 months.
Units
- Median Sale Price: $678,000 (+8.4% annual growth).
- Median Weekly Rent: $475.
- Rental Yield: 3.6%.
Long-Term Trends (2006–2024)
Over the past 18 years, Margate’s housing market has shown steady growth, with the median house price increasing from $295,000 in 2006 to $850,000 in 2024. This represents an average annual growth rate of approximately 6.7%.
Recent Notable Sales
- 28 Chatham Street: Sold for $1,280,000 (Nov 2024).
- 13 Adrian Street: Sold for $1,650,000 (Oct 2024).
- 5/2 Eveline Street: Sold for $2,500,000 (Sep 2024).
Source: Pricefinder, Your Investment Property Magazine.
Education
Margate offers access to several educational institutions:
- Primary Schools:
- Humpybong State School.
- Secondary Schools:
- Clontarf Beach State High School.
- Private Schools:
- Grace Lutheran College (nearby in Rothwell).
Source: Queensland Department of Education, Landchecker.
Amenities and Lifestyle
Shopping
- Margate Village Shopping Centre: Features essential retail services and cafes.
- Nearby Options: Larger shopping hubs in Redcliffe and Kippa-Ring provide a variety of dining and retail options.
Parks and Recreation
- Margate Beach: A popular destination for swimming, walking, and family outings.
- Apex Park: Features playgrounds and picnic areas.
- Humpybong Esplanade: Offers scenic walking and cycling paths along the waterfront.
Source: Google, Walkscore.
Transport and Accessibility
- Road Network:
- Margate is accessible via Oxley Avenue, providing connections to Redcliffe and the Bruce Highway.
- Public Transport:
- Regular bus services connect Margate to Brisbane and other parts of Moreton Bay.
- Walkability:
- High; many amenities and parks are within walking distance.
Source: TMR Queensland, Walkscore.
Recent and Planned Developments
- Residential Growth: Development of modern townhouses and units to cater to demand.
- Community Enhancements: Upgrades to parks, beachfront amenities, and public facilities.
Source: Pricefinder, Your Investment Property Magazine.
Community and Employment
- Employment Sectors:
- Healthcare, retail, education, and tourism dominate the local job market.
- Community Activities:
- Local events, markets, and beach festivals foster a vibrant community spirit.
Source: ABS, Your Investment Property Magazine.
Key Statistics at a Glance
Metric | Value |
---|---|
Population | ~7,400 (2021 Census). |
Median House Price (2024) | $850,000. |
Median Rent (Houses) | $600/week. |
Rental Yield (Houses) | 3.7%. |
Median Unit Price (2024) | $678,000. |
Median Rent (Units) | $475/week. |
Rental Yield (Units) | 3.6%. |
Notable Parks | Margate Beach, Apex Park, Humpybong Esplanade. |
Transport Access | Oxley Avenue, bus services. |
Conclusion
Margate combines coastal living with urban convenience, making it a desirable location for families, retirees, and investors. With its growing property market, excellent amenities, and strong community ties, Margate offers significant long-term potential.
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