Margate at a glance
7,756
People
$1,108,470
Median sale
$595/wk
Median rent
2.79%
Suburb gross yield
Median sale from 71 recorded sales (last 12 months) — a Districts calculation.
$1,950,000
For sale
Asking
4
Bedrooms
3
Bathrooms
5
Car spaces
683 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Asking
$1,950,000
Asking · $2,855/m² of land
No recorded sale for this property.
Margate at a glance
7,756
People
$1,108,470
Median sale
$595/wk
Median rent
2.79%
Suburb gross yield
Median sale from 71 recorded sales (last 12 months) — a Districts calculation.
Vs Margate
+75.9%
Median sale
Suburb $1,108,470
-1.20 pp
Gross yield
Suburb 2.79%
Suburb median $1,108,470 from 71 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
$104,839 on top of the price (5.4% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: Queensland schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Pre-filled with Margate's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
For more information on this property, visit Queensland Globe.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
QLDPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.
Rental
No advertised rent is recorded. Suburb median rent $595/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Gross yield if leased at the suburb aggregate is 1.6%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNearby development applications are not loaded. This lot’s own applications are a separate question.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Margate at a glance
7,756
People
$1,108,470
Median sale
$595/wk
Median rent
2.79%
Suburb gross yield
Median sale from 71 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Image Property Brisbane NorthsidePositioned in one of the most sought-after pockets of Margate, just moments from the stunning coastline of the Redcliffe Peninsula, 35 Ernest Street presents a rare opportunity to secure a truly premium home in an elite bayside location.
Lovingly built in 2012 by its current owners, this expansive and thoughtfully designed residence offers the perfect balance of luxury, functionality, and lifestyle—an opportunity that simply does not come along every day.
From the moment you arrive, the quality is undeniable. Upon entry, you are welcomed by a grand foyer featuring soaring high ceilings, fully tiled flooring, and a striking hardwood staircase that immediately sets the tone for what lies beyond.
The lower level has been designed with versatility and comfort in mind and is fully serviced by ducted air conditioning throughout. As you move through, you'll pass a well-positioned study and internal access to the double lock-up garage. Two king-sized bedrooms are located on this level, offering generous proportions and comfort.
Continuing through, the home opens into a spacious games area, which is currently utilised as a billiards room and could easily be used as an additional living space if required. This zone seamlessly connects to the outdoors through expansive triple glass sliding doors, revealing a huge undercover entertaining area. Overlooking a manicured lawn, sparkling swimming pool, and a substantial double bay shed, this outdoor setting is ideal for hosting family and friends year-round.
Completing this level is a well-appointed main bathroom, featuring a vanity, bathtub, and separate shower, along with a separate toilet and an oversized laundry with outstanding potential—easily convertible into a secondary kitchen should dual-living or up/down living be desired.
Ascending the stunning hardwood staircase, as soon as you reach the top, the first thing you notice is the incredible sense of light throughout the space. Your gaze is immediately drawn to the left, where natural light floods in and opens up the entire level, creating an uplifting and inviting atmosphere.
From here, your attention is naturally drawn outward, showcasing views across the ocean and across Moreton Bay, where you can also see Moreton Island—a truly stunning coastal panorama that defines the upper level and is a feature not commonly found in many properties of this calibre.
At the front of the home, the main living and dining space is perfectly positioned to take full advantage of these elevated views, framed beautifully by high ceilings and hardwood flooring.
Toward the rear of the upper level, there is another living space, offering excellent flexibility within the home and potentially allowing for up to three living areas in total, depending on how the lower-level games room is utilised.
Centrally positioned between these zones, the oversized kitchen is impressive in both scale and functionality. Offering expansive bench space, abundant storage, and quality modern appliances, it caters effortlessly to everyday living.
The master suite is truly expansive, offering a luxurious retreat complete with two walk-in wardrobes and a grand-sized ensuite. Large windows frame calming views across the bay and out to Moreton Island, enhancing the sense of space and serenity.
Also located on this level is the fourth bedroom, which is king-sized, along with an additional bathroom servicing the upper living space, further enhancing the home's flexible layout.
Throughout the home, high ceilings and expansive proportions enhance the sense of space, while ducted air conditioning ensures year-round comfort.
Designed with entertaining and practicality in mind, the property also features a 23-panel solar system (6.2kW), side access, and parking for up to five vehicles, with additional space that will comfortably accommodate up to this number—perfect for trailers, caravans, or additional cars.
Set in a quiet, highly regarded street, this home offers an enviable bayside lifestyle just a short stroll from the shoreline. Enjoy morning walks along Margate Beach, spend weekends exploring the waterfront, or simply relax and unwind in your own private oasis.
Local amenities include:
Humpybong State School – approx. 3 mins drive
Clontarf Beach State High School – approx. 6 mins drive
Southern Cross Catholic College – approx. 8 mins drive
Local childcare centres – within 3–5 mins
Margate Village Shopping Centre – approx. 4 mins drive
Connectivity:
Easy access to the Houghton Highway (Hornibrook Bridge)
Approx. 35 mins to Brisbane CBD
Approx. 25 mins to Brisbane Airport
Convenient access to the Sunshine Coast for weekend getaways
This is more than just a home—it's a lifestyle. A place where coastal living meets refined design, where space, comfort, and luxury come together effortlessly.
Opportunities of this calibre, in such a tightly held and desirable location, are incredibly rare. Act quickly—because once it's gone, it's gone.
Listing description written by Terry Summers, Image Property Brisbane Northside — reproduced as published, not verified by Districts.