Suburb Profile Report for Margaret River WA (6285)

Margaret River House: Median price $485,500, Annual capital growth 1.36%, Number of sales 152, Weekly median advertised rent $400

Margaret River Unit: Median price $355,000, Annual capital growth 0.38%, Number of sales 25, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

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.

Information supplied by:


May 2017

M
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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.


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Metrics i HOUSE UNIT
$485,500 $355,000
4.41% N/A
2.21% 18.33%
1.36% 0.38%
$400 $300
152 25
4.28% 4.39%
112.93 60.23

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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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Recent sales & rentals