Moreton Bay – Redcliffe Peninsula – Suburb Report: Margate, QLD

November 20, 2024 |

Moreton_Bay_Margate_Beach_1

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

MetricValue
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 ParksMargate Beach, Apex Park, Humpybong Esplanade.
Transport AccessOxley 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.

We hope that you have found Moreton Bay – Redcliffe Peninsula – Suburb Report: Margate, QLD helpful.

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