Property value increases in Margaret River have tracked just higher than the WA average of -3.96% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Margaret River comes in at number 28th in WA.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Margaret River, 6285. Typically our figures indicate that -5.69% is being offered, which puts this WA suburb at 1847th most discounted overall in Australia.
A $410 per week rent on the median house gives suburb investors a gross yield of circa 4.49%, without taking into account capital value appreciation, which has been averaging out at 1.10%.
Margaret River is in the TOP 10% in WA when comparing median price capital growth over the last year. Margaret River gave property investors a very good capital gain figure when compared to the rest of the state, with 19.01%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Margaret River has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Margaret River should be aiming for at least -3.78% off the asking price, which is the average vendor discount being achieved at the moment.
Margaret River is 54th on a list of best yielding suburbs for rents in WA with a 4.62% return
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.