Tim Allen
IPS Buyer’s Agents – Your Partner in SEQ Property Success
Sunshine Coast, QLD+13
Hobart · Southern Suburbs
Margate offers a desirable blend of coastal charm and semi-rural tranquility, approximately 20 kilometres south of Hobart. Its character is defined by a mix of residential homes, hobby farms, and waterfront properties overlooking North-West Bay. The suburb fosters a strong, family-friendly community atmosphere, attracting those who appreciate outdoor lifestyles with easy access to beaches, parks, and bushland while remaining a convenient commute to the city.
Market snapshot
Price register · May 2026
Median house
$825,000 - $1.10M
Mid-band $963Kspread 29%
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Create Your Free ProfileLast reviewed 13 May 2026
Median unit
$500,000 - $675,000
Mid-band $588Kspread 30%
Days on market
~15-35 days
Median listing-to-sold window. Shorter = tighter buyer field.
Auction clearance
Private-treaty market
Share of auctions sold. Brisbane skews private-treaty.
Rental yield
3.3% to 4.3%
Gross yield on house stock. Premium suburbs compress.
5-year house-price growth
+48% to +68%
cumulative since 2021Who buys here
Families seeking space · Tree-changers · Retirees
5-year trend
Modelled trajectory anchored on aggregated 5-year median figures. Indicative; not month-by-month observed data.
Market analysis
The Margate property market has been a standout performer in the Hobart region, characterised by strong capital growth and consistent buyer demand. The median house price currently sits around $970,000, a figure that has seen significant appreciation over the past five years. This trajectory is underpinned by the suburb's immense lifestyle appeal, combining a semi-rural and coastal setting with a manageable 20-minute commute to Hobart's CBD.
Supply and demand dynamics remain a key driver of the market. Listings are often tightly held, with a low stock on market percentage contributing to competitive conditions for buyers. Properties transact quickly, with an average of just 25 days on market, indicating a sense of urgency among purchasers. This rapid turnover is evidence of a deep buyer pool, comprised largely of families upsizing, tree-changers from interstate, and local Hobart residents seeking more space without sacrificing convenience. While the market has seen double-digit annual growth, recent broader economic factors, including interest rate sensitivity, are beginning to introduce a more measured pace. Affordability has become a more significant consideration for buyers, which may temper the rapid price acceleration seen previously.
Investment fundamentals are solid, though yields are moderate. The median rental yield for houses hovers around 3.8%, supported by a very low vacancy rate which ensures rental stability. The unit market, with a median price of $591,000, offers a more accessible entry point and slightly higher rental yields. Infrastructure in the area is well-established, with the neighbouring hub of Kingston providing major retail and services. There are no major new land releases planned, which will likely keep supply constrained and support long-term value. The market's resilience is tied to its high owner-occupier appeal and strong socio-economic profile, making it less susceptible to speculative downturns.
Margate's blend of coastal lifestyle and commutable convenience provides a firm foundation for long-term capital growth.
Why a buyers agent
Navigating the Margate property market requires a nuanced understanding that goes beyond online listings. The suburb features a diverse range of properties, from modern subdivisions and waterfront homes to sprawling acreage with varied zoning. An expert buyer's agent possesses the local knowledge to differentiate value between these micro-markets. They can identify properties on quieter, more desirable streets versus those impacted by traffic on the Channel Highway. Furthermore, in a market where properties sell quickly (often in under a month), a well-connected agent provides access to off-market opportunities and can act decisively on your behalf. They understand the intricacies of the Kingborough Council's planning schemes and can advise on a property's potential or its limitations. For interstate buyers, this local expertise is invaluable in securing a quality asset and avoiding the pitfalls of purchasing in an unfamiliar, fast-paced environment.
Enjoy a unique blend of coastal, country, and suburban living. With access to the water, beautiful parks like Dru Point, and a friendly community, it's an ideal setting for families and those seeking a better work-life balance.
Located just 20km from the CBD, Margate offers a peaceful escape without sacrificing convenience. The easy commute via the Channel Highway makes it practical for professionals working in the city.
Consistently high buyer demand, coupled with a limited supply of properties, has driven strong, long-term capital growth. The suburb's desirability provides a solid foundation for property values.
Margate is perfectly positioned to explore Southern Tasmania's best attractions, including Bruny Island, the Huon Valley wine region, and the pristine waterways of the D'Entrecasteaux Channel.
Compare
| Metric | This suburbMargate | NearbyBlackmans Bay | NearbyKingston |
|---|---|---|---|
| Median house | $825,000 - $1.10M | $750,000 - $1.00M | $650,000 - $900,000 |
| Median unit | $500,000 - $675,000 | $550,000 - $750,000 | $550,000 - $750,000 |
| Auction clearance | — | — | — |
| Days on market | ~15-35 days | ~15-35 days | ~11-25 days |
| Year-on-year growth | +6% to +16% | -4% to +6% | +0% to +10% |
| 5-year growth | +48% to +68% | +20% to +40% | +48% to +68% |
| Rental yield | 3.3% to 4.3% | 3.3% to 4.3% | 3.8% to 4.8% |
| Postcode | 7054 | 7052 | 7050 |
Snapshot date varies by suburb; see individual suburb pages for figures.
The place
Margate is a vibrant coastal suburb located 20 kilometres south of Hobart, forming a key part of the desirable Channel region. Its picturesque setting on the shores of North-West Bay, framed by rolling hills, offers residents a high-quality lifestyle with a strong connection to the outdoors. The suburb's heart is the expansive Dru Point Bicentennial Park, a major community hub with extensive playgrounds, BBQ facilities, boat ramps, and walking trails along the waterfront.
Families are well-catered for with highly regarded local schools, including Margate Primary School and the independent Channel Christian School. While Margate has its own supermarket, cafes, and local shops, many of which are uniquely housed in the famous 'Margate Train' carriages, major retail needs are met in the nearby commercial centre of Kingston, just a 10-minute drive away.
Transport is primarily car-based, with the Southern Outlet and Channel Highway providing a direct and scenic route into Hobart for commuters. Public bus services also connect Margate with Kingston and the city centre. The suburb is a gateway to the wider Huon Valley and the D'Entrecasteaux Channel, renowned for its wineries, artisanal produce, and stunning waterways. This combination of community amenities, natural beauty, and accessibility underpins Margate's reputation as one of Southern Tasmania's most sought-after places to live.
Frequently asked
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The 5-year trajectory is a modelled curve anchored on the documented cumulative growth rate. Editorial review: 13 May 2026. Updated quarterly.
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