All About Margate, Kingborough, TAS, 7054

Margate, located in the Kingborough municipality of Tasmania, has experienced noticeable changes in its housing market in recent years. Known for its picturesque landscapes and proximity to both the bustling city of Hobart and natural attractions such as Bruny Island, Margate has increasingly attracted homebuyers and investors looking for a blend of serene living and convenience. The housing market here is characterized by a mix of traditional and contemporary homes, ranging from quaint cottages to modern family residences. As of the latest data, property prices have been on an upward trend, driven by increasing demand from individuals and families seeking more space and a lifestyle shift towards regional areas. Despite this growth, Margate still offers relatively more affordable options compared to the inner suburbs of Hobart, making it an appealing choice for new homeowners and retirees alike.

Living in Margate offers residents a harmonious balance between rural charm and modern convenience. The town is equipped with essential amenities, including local schools, shops, and medical facilities, ensuring that residents have access to key services without needing to travel far. The community is known for its friendly and welcoming atmosphere, fostering a sense of belonging among its diverse population. Outdoor enthusiasts enjoy easy access to numerous recreational activities, such as hiking, kayaking, and exploring the nearby beaches. Additionally, Margate's close proximity to Hobart, just a 20-minute drive away, allows residents to enjoy the cultural and economic benefits of the capital city while returning home to a quieter, more relaxed environment. This blend of factors makes Margate an attractive locale for those seeking a tranquil yet connected lifestyle nestled in Tasmania's beautiful natural setting.

Margate Real Estate Market Outlook

Thinking about buying in Margate? Now could not be a better time, with 1922 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $543,000 with prices in this suburb ranging from $15,000 to $2,617,000. Margate is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Consistent high demand relative to supply is a key feature in Margate driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Margate ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Margate classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Margate requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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