No matter where in QLD you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in MARGATE , 4019 is $447,500 this month which means that a mortgage for 80% of that value would be $358,000.
MARGATE, 4019 is number 852th in a list of the country’s fastest growing suburbs, and number 191th in State. It has had an average population growth of 88.40 over the period between the last two national censuses.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,800 which is $613 more every month. As a percentage rise, this makes MARGATE, 4019 the number 2379th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
In a list of Australian suburbs ranked by what percentage of the median household income was paid out in home loan repayments, MARGATE QLD would be 310th with 49.16.