Suburb Spotlight - Margate QLD 4019

Suburb Overview

The suburb of Margate is located within the Moreton Bay Regional Council. It is located 31 kilometres northeast of Brisbane's Central Business District and in total occupies an area of 2.6 square kilometres.


Suburb Map

Source: Google Maps

The information that follows has been taken from the Australian Bureau of Statistics (ABS) data.
The numbers shown in brackets relate to Australia's aggregate data and are therefore a useful comparison.

Suburb Demographics

The suburb of Margate has a population of 7 575. The distribution of males compared to females is 48.4% to 51.6% respectively.

The median age of people living in the suburb is 46. This compares with the Australian median age of 38. The largest median age group in Margate is between 50-54 years.

Culture & Language Diversity

72.1% of residents in the suburb of Margate were born in Australia. This compares with 66.9% of residents Australia-wide. Excluding Australia, the top 3 countries of birth of residents in Margate are:

  1. New Zealand 5.8% (2.1%)
  2. England 5.8% (3.6%)
  3. Philippines 0.8% (1.2%)

87.5% of households only speak English at home in Margate, compared with 72.0% Australia-wide. The top 3 languages other than English spoken at home in Margate are:

  1. German 0.5% (0.3%)
  2. Italian 0.5% (0.9%)
  3. Spanish 0.4% (0.7%)

44.4% of residents in Margate have no religious affiliations. This compares with 38.4% of Australians. Excluding no religion, the top 3 religious affiliations of residents of Margate are:

  1. Catholic 17.0% (20.0%)
  2. Anglican 12.2% (9.8%)
  3. Uniting Church 3.1% (2.6%)

Income

The median household income in Margate is $1 231 compared to the Australian median of $1 746.

Family

Family couples without children 39.6% are the dominant family structure in Margate, compared with 38.8% Australia-wide. Furthermore, this was followed by family couples with children 34.0% (43.7%) and single-parent families 24.5% (15.9%).

Dwellings

71.6% (72.3%) of dwellings in the suburb of Margate are separate houses. Semi-detached, terrace houses, townhouses, flats and apartments make up 28.0% (26.8%) of other dwellings.

The dominant number of bedrooms per dwelling in Margate is 3, with 46.6% (39.0%). This is followed by 2 bedroom dwellings 23.2% (19.1%).

56.7% (66.0%) of dwellings are either owned outright or with a mortgage in the suburb of Margate, whilst 40.9% (30.6%) are rented.

41.1% (36.2%) of households have 1 registered motor vehicle. Additionally, 32.6% (36.3%) of households have 2 registered motor vehicles.


Suburb Market Performance

The recent market performance for the most dominant dwelling type, for instance, a 3-bedroom house in the suburb of Margate can be seen below.

Source: https://www.domain.com.au/suburb-profile/margate-qld-4019

Gross Rental Yield

The Gross Rental Yield for all houses in Margate is currently 3.9% and for all units is 4.1%.

Source: https://sqmresearch.com.au/property-rental-yield.php?postcode=4019&t=1

Residental Vacancy Rates

The Residential Vacancy Rate for all properties in the suburb of Margate is 0.5%.

Source: https://sqmresearch.com.au/graph_vacancy.php?postcode=4019&t=1

Stock on Market

Total property listings and time on the market for Margate can be seen in the chart below.

Source: https://sqmresearch.com.au/total-property-listings.php?postcode=4019&t=1

To review the data above in detail, feel free to explore the ABS, Domain and SQM Research.


You can find previously completed Suburb Spotlights here.


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