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A million dollars does not buy what it once did in Clontarf and Margate. The latest settled sales from the neighbouring 4019 suburbs show how far that line has shifted, with the middle of the house market now sitting comfortably above seven figures.
Across the three months to 8 September, the median house price reached $1,134,500 in Clontarf and $1.15 million in Margate.
The result is notable not because either suburb has suddenly become a prestige market, but because million-dollar prices are becoming increasingly normal across housing that would once have represented the more attainable end of the Redcliffe Peninsula.
Clontarf’s latest house median is 8.8 per cent above its $1,042,500 median across the trailing 12 months. The comparison is not a quarterly growth rate — the periods overlap — but it does show that the more recently settled group of homes has been selling at a higher level than the broader year-long market.
Clontarf Property Market Snapshot
Trailing 3 months to 8 September 2026
House Median
$1,134,500
+8.8% vs 12-month median of $1,042,500
Unit Median
$690,000
−6.8% vs 12-month median of $740,000
Residential Sales
35
29 houses + 6 units
Median Days to Sell
31 days
Houses; units also recorded about 31 days
Seven Figures Is Moving Into the Mainstream
The bedroom figures make the shift easier to see.
In Clontarf, three-bedroom houses recorded a three-month median of $1.07 million, based on 17 sales. Four-bedroom homes reached $1.335 million, while the small number of five-bedroom sales produced a median of just over $1.5 million.
That matters more than an isolated high-end transaction because it suggests the seven-figure threshold is reaching into the suburb’s ordinary family-home market.
Clontarf recorded 29 house sales during the three-month window, led by 77 Laura Street at $1.75 million, followed by 7 Thomas Street at $1.7 million and 36 Enoch Street at $1.615 million.
Those sales sit at the upper end, but further down the list prices remain well above $1.2 million. The distinction between a million-dollar home and a trophy property has become much wider than it once was.
Read: Redcliffe and Woody Point Property Market: Unit Medians Push Towards $1 Million
Margate Has Edged Ahead
Margate tells a slightly different story.
Its three-month house median of $1.15 million is now marginally higher than Clontarf’s, despite the two suburbs sitting side by side and sharing the same postcode.
The suburb’s longer-term house median was already higher at $1.094 million, meaning the latest figure is about 5.1 per cent above the trailing 12-month benchmark.
Margate — Recent Prices vs 12-Month Market
Median sale prices to 8 September 2026
| Property | 3-Month 3-Mo | 12-Month 12-Mo | Difference |
|---|---|---|---|
| Houses | $945,000 | $899,000 | +5.1% |
| Units | $695,000 | $599,500 | +15.9% |
The percentage shows the difference between the trailing 3-month and 12-month medians. The periods overlap and the figure should not be interpreted as a quarterly growth rate.
The strongest Margate results were concentrated at the upper end of the market, with 103 Margate Parade selling for $2.1 million and 34 Cowen Street reaching $1.95 million.
But, as in Clontarf, the more useful signal comes from the bedroom medians. Three-bedroom Margate houses recorded a three-month median of $1.1 million, while four-bedroom homes reached $1.21 million and five-bedroom properties $1.535 million.
That places the million-dollar threshold well inside the suburb’s mainstream house market rather than confining it to waterfront or unusually large properties.
Read: Redcliffe Housing Support Grows as 41 Positive Outcomes Recorded
Units Complicate the Comparison
The unit market is where the two suburbs begin to separate.
Clontarf recorded a three-month unit median of $690,000, below its $740,000 trailing 12-month figure. Only six transactions were recorded in the shorter period, however, making that result particularly sensitive to the mix of properties sold.
Margate moved the other way. Its three-month unit median reached $1.02 million, compared with $880,000 across 12 months, from 13 transactions.
That is a striking figure, although it needs the same caution applied to any relatively small unit sample. Different types, sizes and locations of apartments or attached housing can quickly shift a suburb-level median.
The house numbers offer the clearer picture.
Clontarf and Margate remain different markets at street and property level, and there is still a substantial gap between an older home away from the waterfront and a renovated property in a premium position.
But the latest settled sales suggest the broader price expectation has moved.
A million-dollar house is no longer unusual in either suburb. Increasingly, it is simply where the market begins to look ordinary.
Read the full Property Market Overview here.
Published 10-September-2026
Disclaimer: This Property Market Overview is a general market summary based on property transaction data available for the periods stated. It is provided for informational purposes only and is not financial, investment, legal or real estate advice. Figures and other measures are indicative, property markets can change, and readers should conduct their own independent research and obtain appropriate professional advice before making property-related decisions.
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