Featured
23/32 Van Morey Road MARGATE
Over 50's Lifestyle Villa - Must be over 50 years of age to apply.
For Rent
$500.00 per week
Nest Property Hobart
1 to 2 out of 2 properties
Margate is a welcoming coastal suburb located about 20 minutes south of Hobart, nestled along the Channel Highway between the Derwent estuary and the scenic hills to the south. Known for its tight-knit community and relaxed, semi-rural pace, the area blends residential streets with pockets of farmland, vineyards, and orchards. It serves as both a practical commuter hub with good access to Hobart and a charming local centre filled with cafés, shops, recreational green spaces, and cultural attractions like the iconic Margate Train café and the Channel Heritage Centre. With its blend of natural beauty, community spirit, and convenience, Margate offers a compelling, peaceful lifestyle close to the city that appeals to families, professionals, and creative types alike.
Featured
23/32 Van Morey Road MARGATE
Over-50s Freehold Home
For Sale
$595,000+
Margate property market
The Margate property market offers a mix of lifestyle appeal and investment opportunity. In the past month, there were 8 properties available for rent and 19 properties listed for sale, giving buyers and renters a reasonable selection to consider.
Median property prices over the past year highlight the suburb’s strong demand, with houses averaging $869,000 and units sitting at $558,500. For investors, Margate presents healthy rental prospects, with houses renting for around $585 per week and returning an annual rental yield of 4.0%. Units provide slightly higher yields at 4.5%, with weekly rents averaging $475.
Capital growth trends show strong performance for the suburb. Houses have recorded an impressive annual compound growth rate of 15.1%, while units have grown at 3.4%. These figures demonstrate Margate’s potential as both a lifestyle destination and a growth-focused investment choice, underpinned by its coastal charm and convenient proximity to Hobart.
Market trends
View median property prices* in Margate to get a better understanding of local market trends.
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*Data based on sales within the 12 months to August 2025.