Property investors who have had real estate in Margaret River, 6285 should be relatively unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 2.21%
If we look at median property appreciation over just the last three months, Margaret River has given property investors a paper return of 4.41%. This puts Suburb as 39 on a list of fastest fasting appreciating suburbs in WA
Our latest figures would indicate that property sellers in Margaret River are currently offering property investors an average price cut of -5.67% below the asking price at the moment.
Margaret River is 174th on a list of best yielding suburbs for rents in WA with a 4.28% return
Giving property investors a a solid capital gain of 18.33% for the last year, Margaret River, 6285 is the 211th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Margaret River,6285 has racked up an average of 18.33% over the period. This ranks it number 664th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -3.48% to buyers in Margaret River at the moment, which is less than average for the rest of WA.
The WA suburb of Margaret River, 6285 is in the Augusta-Margaret River local government area.
The coastside suburb of Margaret River may be located some distance away from the CBD, but that hasn’t stopped it from rising in popularity in the face of the WA property market’s problems.Full summary
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Wine town’s reputation boosts apartment values
Median unit price: $342,000
Three-year growth: 11.04%
Rental yield: 4.87%
The coastside suburb of Margaret River may be located some distance away from the CBD, but that hasn’t stopped it from rising in popularity in the face of the WA property market’s problems.
Affordability is definitely a factor here, with the median unit price coming in at just over $340,000. The rental yield is also reasonably high at 4.9%, which could attract investors. Currently, vacancies are tight, with growth peaking at 14% in the past 12 months. The same rate was retained in the February 2017 quarter.
Tourism has kept the suburb going strong in the aftermath of the resources downturn, with its renowned wine region at the forefront. There are also several well-known caves for exploration, the most famous being Mammoth Cave. Being near the water, “Margs” is also visited by many surfers. Bus services to the city are available as well.