Margaret was born around 1416. She was the eldest surviving daughter of Ernest, duke of Austria, and his second wife Cymburgis of Masovia[1].
She married Friedrich II "der Sanftmütige", Elector of Saxony in Leipzig on 3 June 1431[1].
Margaret died at Altenburg on 12 December 1486 and was buried in the castle church[1].
Her place of birth is uncertain: according to Cawey she was born at Wiener Neustadt[1] (see also Sächsiche Biografie: Margaretha, Kurfürstin von Sachsen. Various Wikipedia pages indicate Innsbruck as her birthplace. The sources are not cited.
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