Suburb Profile Report for Margaret River WA (6285)

Margaret River House: Median price $475,000, Annual capital growth 1.10%, Number of sales 167, Weekly median advertised rent $410

Margaret River Unit: Median price $360,000, Annual capital growth 0.87%, Number of sales 28, Weekly median advertised rent $320

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

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

Information supplied by:


May 2017

M
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W
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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

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.


 Close
Metrics i HOUSE UNIT
$475,000 $360,000
1.06% 3.75%
0.00% 19.01%
1.10% 0.87%
$410 $320
167 28
4.49% 4.62%
112.32 72.86

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
Find a mortgage broker in Margaret River WA
Demographics
Total population 6328
Median household income ($/weekly) 1194
Median age of persons 35
Median housing loan repayment ($/monthly) 1762
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 939 14.8
    25-34 years 998 15.8
    35-44 years 1145 18.1
    45-54 years 889 14.0
    55-64 years 627 9.9
    Others 1730 27.3
    Age Group
    Census Count Percent(%)
    Registered Married 1816 45.3
    Not Married 1488 37.1
    Defacto Relationship 707 17.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 4510 77.5
    Papua New Guinea 204 3.5
    Philippines 50 0.9
    United Kingdom 540 9.3
    Other 171 2.9
    Others 342 5.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 161 2.9
    Christianity 2715 49.4
    Hinduism 21 0.4
    Islam 46 0.8
    No Religion 2520 45.8
    Others 36 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 206 11.0
    $600-$799 191 10.2
    $800-$999 189 10.1
    $1,000-$1,249 193 10.3
    $1,500-$1,999 269 14.3
    Others 829 44.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1721 38.6
    Not in the labour force 1187 26.6
    Employed, worked part-time 1139 25.6
    Employed, away from work 263 5.9
    Unemployed, looking for work 145 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 407 13.0
    Professionals 448 14.3
    Technicians & trades workers 609 19.5
    Sales 336 10.7
    Labourers 480 15.4
    Others 846 27.1
    Occupation
    Census Count Percent(%)
    Pre-school 100 7.0
    Infants/Primary 635 44.7
    Secondary 354 24.9
    Technical or Further Educational Institution 170 12.0
    University or other Tertiary Institutions 123 8.7
    Others 37 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5138 94.2
    Semi-detached, row or terrace house, townhouse 265 4.9
    Caravan, cabin, houseboat 25 0.5
    Flat, unit or apartment 24 0.4
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 841 38.8
    Rented 785 36.3
    Fully owned 520 24.0
    Other tenure type 19 0.9
    Tenure Type
Census 2011, ABS
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